RESOLVING THE LEDGER
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Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) just reported excellent second-quarter results, especially for Google Cloud. The tech giant's cloud revenue soared by 82% year-over-year, making it by far the fastest-growing part of the business.
The other two massive cloud infrastructure providers, Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) , which operate AWS and Azure, respectively, report earnings later this week. And Google Cloud's stellar performance makes it extremely important for its rivals to show impressive results of their own.
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