The cloud division of Google posts its first-ever profit In order to compete with Amazon and Microsoft in the cloud computing market, Google has been investing heavily. Those significant investments are now paying off. In the three years that it has been disclosing operating figures for the division, Alphabet announced Tuesday that cloud division of Google posts is now profitable for the first time. $706 Million Loss According to Alphabet’s earnings report, the sector achieved $191 million in operating income on $7.45 billion in revenue in the first quarter. The division posted a $706 million loss on $5.82 billion in revenue during the same quarter last year. The Google Cloud Platform is a part of the cloud industry that leases out cloud infrastructure and services that businesses may use to create and run their own apps as subscriptions to the productivity program Google Workspace . The company now contributes 10% of Alphabet’s overall revenue collectively. Customers of t...
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