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GOOGLEarnings2024-10-29
Alphabet's CFO explains what she sees behind the improvement in Google Cloud's profitability.
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Anat Ashkenazi · Alphabet Investor Relations · Alphabet 2024 Q3 Earnings Call
“And as you think about that margin expansion, really, it's a few things. You've mentioned one of them. The first is scale. Obviously, as we scale the business, we have more opportunity for margin expansion. But the second, and it shouldn't be underestimated, is the work that the team has done to drive efficiencies across the Cloud business.”
Key terms
- margin expansion
- — A business keeping a larger share of its revenue as profit than before.
Educational summary of a public statement. Not investment advice.