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That indicates Cloud demand was materially stronger than analysts expected. However, it did not offset the broader earnings disappointment: total revenue was US$127.58 billion , about 0.50% below consensus, while EPS also missed, which explains why investors focused on the overall result rather than the Cloud beat.
Sina Finance
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, the key takeaway is that Cloud remained a relative strength, but the market response will likely depend more on whether core Google Services revenue and profitability re-accelerate.
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