Alphabet's Q2 capex boosts outlook for Indian IT firms
pre-market1 source ↓written by the desknot a recommendation
- in Q2 capital
- $44.9 billion
- YoY
- 15%
- YoY
- $94.5 billion
Alphabet Inc. reported $44.9 billion in Q2 capital expenditures, signaling a positive medium- to long-term outlook for Indian IT firms. The growth in Google Cloud, driven by AI initiatives and strong demand for Tensor Processing Units, reflects continued enterprise investment. Google Services revenue rose 15% YoY to $94.5 billion, bolstered by advertising and subscription growth.
This robust performance may enhance sentiment for Indian IT companies, as they could benefit from increased cloud and AI-related projects in the coming quarters.
Not investment advice. For informational purposes only.