Alphabet's Q2 capex boosts outlook for Indian IT firms
after close1 source ↓written by the desknot a recommendation
- Q2 capex signals
- $44.9 billion
- Services revenue rising
- 15% YoY
- $94.5 billion
Alphabet Inc.'s $44.9 billion Q2 capex signals a positive medium- to long-term outlook for Indian IT companies, according to Nuvama Institutional Equities. The growth in Google Cloud and AI initiatives reflects strong enterprise investment, with Google Services revenue rising 15% YoY to $94.5 billion. This trend may enhance demand for IT services in India.
Not investment advice. For informational purposes only.