Following years of heavy investments and hefty losses, Google Cloud has finally posted its first profitable quarter as Alphabet CEO Sundar Pichai predicts better times ahead.
A $7.45 billion revenue in parent company Alphabet's Q1 2023 saw the division achieve an operating income of $191 million, or around 2.6%. Far from aspirational, but a huge leap forward compared to the previous year which reflected a $706 million loss, or the $14.6 billion in losses in the three years leading up to 2021.
