Google Cloud was defiantly the highlight of $GOOG 2023 Q1 earnings, largely because it derived its first profitable quarter.

CEO, Sundar Pichai mentioned in the last 3 years GCP’s annual deal volume has grown nearly 500%, with large deals over $250 million growing more than 300%. There is defiantly a lot of demand for Google’s Cloud, nearly 60% of the worlds largest 1,000 companies are Google Clouds customers.

I’m interested to see if the profitability of Google’s Cloud business will continue from here. I feel like it could be a little wobbly for the next few quarters, being the first quarter of profitability, with a little help from accounting changes.

I’m still long $GOOG