Google’s Most Profitable Quarter Ever Ended With Negative Cash: One Number Explains It
Alphabet posted record profit, 24% revenue growth and 82% cloud growth, then reported its first negative free cash flow since its 2004 IPO.
Google made more money than ever, but spent so much on new equipment and buildings that it used up cash instead of saving it. When a super-profitable company spends big on the future, it's worth watching whether those investments pay off later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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