Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has turned out to be the world’s most popular search engine, with an 87 % share of the global research industry. The company has diversified much 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 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 vehicles, along with other technology initiatives.
Alphabet competes with businesses that offer online platforms for connecting men and women 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), and some.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and 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 wide based growth led by a rise in advertiser invest in Search and Youtube as well as continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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