MarketPR
Google Cloud's contracted backlog reached $514 billion in Alphabet's (NASDAQ: GOOGL) latest earnings quarter, the same period in which CEO Sundar Pichai raised the company's full-year capital expenditure guidance to as much as $205 billion.
The next number to watch: Alphabet expects to recognize a little more than half of that backlog as revenue over the next 24 months, a timeline investors can hold against actual quarterly results.
The capex breakdown Alphabet's expanded budget covers servers, GPUs, CPUs, memory, custom Tensor Processing Units (TPUs), data center construction, and the networking gear that connects it all.
Of recent capital outlays, roughly 60% went into servers and the remaining 40% funded facilities and connectivity.
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