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Google has been investing a lot of money into its cloud-computing business to compete with Microsoft and Amazon. Those high investments are ultimately turned into a profit. Alphabet said that Google’s cloud-computing business is profitable for the first time after years of heavy investment. According to Alphabet’s earnings statement, “The segment generated $191 million in operating income…
As growth in software and traditional tech is getting slowed in the recent years, cloud market is showing a dramatic change in the way firms were running applications and storing data. The biggest firms in the cloud computing market issued clear warnings in the last two weeks that they are have started experiencing the cooling…
