Google beats quarterly revenue expectations off of enterprise AI surge

July 22 : Alphabet topped Wall Street estimates for its second-quarter revenue, buoyed by continued strong demand for its cloud computing services from enterprises worldwide.Revenue at Google Cloud rose 82 per cent to $24.8 billion during the quarter ended June, accelerating from the 63 per cent jump reported in the preceding three months. Analysts on average expected a 64 per cent increase, according to data compiled by LSEG.Shares of the company were flat in extended trading.Total revenue for the quarter was $119.8 billion, beating the consensus estimate of $116.9 billion. Other parts of the business grew more in line with expectations, with advertising revenue coming in at $81.6 billion compared to estimates of $81.1 billion. While Google Cloud has made Alphabet a big beneficiary of the