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Google's cloud business lost over $ 5.5 billion last year

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On Tuesday, Google's parent company, Alphabet Inc, beat quarterly sales forecasts for its advertising and cloud computing business, helped in part by the pandemic, and said it would resume heavy spending on hiring and constructing facilities. But more importantly, Google Cloud sales recorded an annual loss of nearly $ 5.6 billion last year. However, activity saw an almost 50% jump in revenue. (at $ 13.1 billion) compared to 2019.

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