Google Cloud’s quarterly revenue surpassed $10 billion for the first time and achieved an operating profit of $1 billion in Q2 2024, according to Alphabet CEO Sundar Pichai. This growth is driven by increased demand for the company’s AI offerings, with AI infrastructure and generative AI solutions generating billions in revenue and being utilized by over 2 million developers. Pichai highlighted the company’s innovation across the AI stack and strong infrastructure leadership. Revenue rose 28.8% to $10.35 billion from $8.03 billion the previous year, while operating income nearly tripled to $1.2 billion, with an operating margin of 11%.
