Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since then, Google has grown to be the world’s most popular search engine, with an 87 % share of the worldwide lookup industry. The company has diversified far beyond search engines in the past 2 decades. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, in addition to a number of other companies. 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, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Additionally, the company renders considerable investments in the Stadia cloud gaming system, Waymo self-driving vehicles, as well as other technology initiatives.
Alphabet competes with businesses that will provide internet platforms for connecting individuals with info 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 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a broad margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and also 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 reflect broad based growth led by a growth in advertiser invest on Youtube and Search plus continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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