Cloud Computing Stocks have experienced their ups and downs in recent years. For obvious reasons, many cloud computing companies have benefited greatly from the coronavirus pandemic as it has led to increased consumer and enterprise cloud adoption. However, fears of an end to pandemic-related growth and rising interest rates have led to a bearish mood in the industry. However, many continue to see cloud migration as a long-term trend.

Yesterday we saw one of the largest cloud computing companies release its first quarter results. Google (NASDAQ: GOOGL) scored on multiple metrics, but its cloud segment didn’t disappoint. The company’s revenue came in at $68.01 billion, slightly below the $68.11 billion expected by Refinitiv. Of which Google Cloud revenue…



Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.