Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has grown to be the world’s most popular search engine, with an eighty seven % share of the world-wide search industry. The company has diversified much beyond search engines of the past two decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, along with a number of other businesses. Alphabet is 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. In addition, the company makes extensive investments in the Stadia cloud gaming system, Waymo self-driving vehicles, along with 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. Major 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 broad margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and also 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 mirror broad based growth led by a growth in advertiser invest on Youtube and Search plus continued strength in Play,” and google Cloud said CFO Ruth Porat.
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