Google Cloud revenue up 28.1% year-on-year as Alphabet shrugs off tariff trauma with strong Q1

A robust set of Q1 numbers from Alphabet yesterday, with nary a mention of tariffs or DOGE to blight the good news.

Alphabet’s first-quarter revenue rose 12% year-on-year to $90.23 billion, while net income was $34.54 billion, up 49%. Google Cloud revenue was up 28.1% one the comparable year ago quarter, hitting $12.26 billion.

Meanwhile capital expenditures reached a record $17.2 billion during the quarter, but the company is doggedly maintaining its plan to put $75 billion towards this for the full year, more than double its annual average over the past five years.

Infrastructure spending is essential for growth, insisted CEO Sundar Pichai:

Our long-term investments in our global network have positioned us well. Google's network is robust and resilient supported by over 2 million miles of fiber and 33 subsea cables. Complementing this, we offer the industry's widest range of ...