Google Cloud Drives Over $11 Billion in Revenue for the Tech Giant

by THEFUTURE.TEAM

October 31, 2024

Google’s cloud business achieved impressive growth in the third quarter, contributing over $11 billion to parent company Alphabet’s revenue, according to the latest financial report. The results surpassed market expectations, with annual profit increasing by over 30%.

Key Figures:

Cloud Revenue Growth: Alphabet reported $11.35 billion in revenue from its cloud division, up nearly 35% from last year’s $8.41 billion.
YouTube Ad Revenue: YouTube ads generated $8.92 billion in revenue, showing a small rise from $8.89 billion a year ago.
Earnings and Total Revenue: Earnings per share reached $2.12, exceeding the anticipated $1.85. Total revenue for the quarter was $88.27 billion, an increase from last year’s $86.30 billion.
Market Response: The company’s stock price rose by 6% following the earnings announcement, closing at $171.14 and approaching $181 in pre-market trading.

This quarter marks the fourth consecutive period of accelerating growth for Google Cloud, highlighting its increasing importance to Alphabet’s overall performance. Alphabet’s positive financial results arrive during a critical week for the tech sector, with earnings from Meta, Microsoft, Apple, and Amazon also on the horizon. However, Alphabet’s success is tempered by heightened regulatory scrutiny: U.S. regulators are investigating Google’s dominant 90% share of the internet search market, and the company faces pressure to open its app store to third-party competitors. A court ruling mandating these changes was recently delayed but may still take effect in the coming months.

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The Future Forbes Realty Global Properties

Building Permits Surge In Value And Volume Amid Robust Market Activity

by THEFUTURE.TEAM

February 16, 2026

Strong Growth In Permits Reflects Market Confidence

The latest data released by the Statistical Service underscores a notable surge in the number and, more importantly, the value, area, and residential units approved under construction permits during January–October 2025. Compared to the previous year, the total number of permits rose by 9.0%, reaching 6,490 from 5,955 in the corresponding period of 2024.

Significant Increases In Permitted Value And Area

Growth was even more pronounced in financial and spatial indicators. The total value of approved permits rose by 27.7%, while the cumulative construction area expanded by 30.7%. The strongest acceleration was recorded in residential units, which climbed by 33.1%. This pattern suggests renewed investor activity and stable end-user demand, particularly in housing projects.

October 2025: A Snapshot Of Market Momentum

The activity in October 2025 alone was remarkable. During this month, 855 construction permits were issued, encompassing a total value of €447.6 million and covering an aggregate area of 356.2 thousand square meters. These permits are projected to facilitate the development of 1,950 new residential units, further propelling the sector’s expansion.

New Regulatory Framework Elevates Efficiency

The expansion in permits follows notable administrative reforms. Since 1 July 2024, responsibility for issuing building permits has shifted to Regional Government Bodies, while application and approval procedures have been digitized through the Ippodamos information system. The new framework is designed to reduce processing times, increase transparency, and standardize oversight across districts, contributing to smoother project initiation.

Implications for the Construction Sector

Overall, the data indicate a broad-based strengthening of construction activity during the first ten months of the year, with especially strong gains in project value and residential supply. For developers, suppliers, and financial institutions, these signals point to a market environment characterized by confidence and planning. At the macroeconomic level, continued expansion in construction is likely to support employment, related industries, and fiscal revenues, reinforcing its role as a key growth pillar.

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