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.