Alphabet Inc. raised its capital spending forecast to a range of $195 billion to $205 billion this year, up from a previous forecast of $190 billion.
The company’s quarterly cash flow was negative for the first time since going public, with negative free cash flow of $5.9 billion in the period, and its cloud revenue totaled $24.77 billion, up 82% from a year earlier. Bloomberg’s Mandeep Singh joins to discuss.
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