Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an eighty seven % share of the global search industry. The company has diversified far beyond search engines of the past two years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, 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 with the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Additionally, the company has made extensive investments in the Stadia cloud gaming system, Waymo self-driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that will provide internet platforms for connecting folks with information and relevant advertising, digital content and application platforms, 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 twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, and cloud revenue all rose compared to the year ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by an increase in advertiser spend in Search and Youtube as well as continued strength in Play,” and google Cloud said CFO Ruth Porat.
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