FILE PHOTO: People walk next to the Google Cloud logo, during the 2025 Mobile World Congress (MWC) in Barcelona, Spain, March 4, 2025. REUTERS/Albert Gea/File Photo
SAN FRANCISCO (Reuters) -Alphabet’s Google Cloud revealed Tuesday it has lined up about $58 billion in new revenue over the next two years as itvies to become a more central component of the tech giant's future.
The company said during its July earnings that the cloud division had surpassed a $50 billion annual revenue run rate. Google Cloud's backlog of non-recognized sales contracts is growing even faster than its revenue, unit chief Thomas Kurian told investors at the Goldman Sachs Communacopia + Technology conference.
