Google Cloud's $3 billion quarter shows strong but slowing growth, even as Google reported its first quarterly revenue decline since going public (GOOG, GOOGL)

Google Alphabet reported earnings on Thursday, disclosing that Google Cloud generated over $3 billion in revenue — up 43% from the same period of last year. Last quarter, Google Cloud saw a 52% year-over-year increase, showing that revenue growth in the unit is slowing down. On a call with investors, Google CFO Ruth Porat attributed the slowdown to price changes at G Suite, its productivity software suite. Google Cloud was still a bright spot on Alphabet's earnings report, which saw Google rep...