Google Cloud Expects Over 50% Of Its $106 Billion Backlog To Convert To Revenue In The Next Two Years - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Alphabet Inc.‘s GOOGL GOOG Google Cloud has projected a revenue increase of at least $58 billion in the next two years, underlining the division’s pivotal role in the company’s future.Google Cloud Projects 55% Of Revenue From Backlog In 2 YearsThomas Kurian, the head of the unit, stated at the Goldman Sachs Communacopia + Technology conference that about 55% of the $106 billion backlog is anticipated to turn into revenue over the next two years, not accounting for any new contracts or clients, reported Reut ...