Alphabet Inc. was originally founded as a search engine company in 1998 under the identity Google Inc. Since then, Google has become the world’s most popular search engine, with an eighty seven % share of the global lookup industry. The company has diversified far past search engines in the past two years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, along with a selection of other businesses. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue with the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Additionally, the company has made considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, as well as other technology initiatives.
Alphabet competes with businesses that provide internet platforms for connecting men and women with information and application platforms, digital content, and relevant advertising, enterprise cloud services, and more. Main competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), while others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a large margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and cloud revenue each rose compared to the year-ago quarter driven by increased advertising spend. “Total revenues of $46.2 billion in the third quarter reflect broad based growth led by an increase in advertiser invest on Youtube and Search and also continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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