Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since then, Google has grown to be the world’s most popular search engine, with an eighty seven % share of the world-wide lookup industry. The company has diversified much beyond engines like google of the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a number of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (Class C).
Alphabet earns revenue through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Also, the company renders extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that will offer internet platforms for connecting individuals 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), and others.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue even surpassed expectations. Net income, revenue, as well as cloud revenue each rose compared to the year ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter reflect broad based growth led by an increase in advertiser spend on Youtube and Search as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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