Alphabet Inc. was initially founded as a search engine company in 1998 under the title Google Inc. Since then, Google has become the world’s most popular search engine, with an eighty seven % share of the world-wide research market. The company has diversified far beyond search engines in the past 2 years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, and a selection of other companies. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (Class C).
Alphabet earns revenue through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. In addition, 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 businesses that offer online platforms for connecting individuals with info 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), while others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a large margin. Both total revenue as well as cloud revenue also surpassed expectations. Net income, revenue, and 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 wide based growth led by an increase in advertiser invest in Youtube and Search plus continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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