Alphabet's capital expenditures almost double in second quarter as Google chases Amazon in cloud

Alphabet's capital expenditures almost double in second quarter as Google chases Amazon in cloud

5 years ago
Anonymous $hM_jrxqbr-

https://www.cnbc.com/2018/07/23/alphabets-capital-expenditures-soar-amid-cloud-push.html

Alphabet's capital expenditures in the latest quarter almost doubled, as Google continues to build out data centers for products like its cloud services.

In the second quarter, those costs jumped to $5.48 billion from $2.48 billion a year earlier, Alphabet said in its earnings report after the close of trading on Monday. Analysts on average were expecting capital expenditures of $4.19 billion, according to FactSet.