Reported 1 day ago
Alphabet's upcoming Q4 2024 earnings report on February 4 is expected to be positively impacted by strong performance from Google Cloud, which has seen significant growth due to its expanded service offerings, including the Google Cloud Platform and Google Workspace. The cloud segment's revenue surged 28.8% year-over-year in Q3 2024, and estimates suggest continued growth of 32.1% in Q4, driven by advancements in generative AI and a robust infrastructure. With an Earnings ESP of +5.96%, Alphabet is poised to potentially exceed earnings expectations.
Source: YAHOO