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Alphabet discloses $1T+ in purchase commitments, future leases; contingent commitments up to $98.5B in Q3 filing

#alphabet#cloud#finance#earnings

Alphabet's Q3 filing discloses over $1 trillion in purchase commitments, future leases, and other obligations, with contingent commitments rising to $98.5 billion, up about $23 billion from Q2. The company cites rapid growth in cloud services demand, pointing to an expanding backlog of unfulfilled cloud contracts.

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  1. Techmeme
    Alphabet discloses $1T+ in purchase commitments, future leases, and other obligations; its Q3 filing shows $98.5B in contingent commitments, up ~$23B from Q2 (Davey Alba/Bloomberg)

    Davey Alba / Bloomberg : Alphabet discloses $1T+ in purchase commitments, future leases, and other obligations; its Q3 filing shows $98.5B in contingent commitments, up ~$23B from Q2 — Alphabet Inc. has said demand for its cloud services is increasing at a rapid clip, pointing to growth in its backlog, or cloud contracts it hasn't yet fulfilled.

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