Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since then, Google has become the world’s most popular search engine, with an eighty seven % share of the worldwide search industry. The company has diversified much past engines like google 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, in addition to a number of other manufacturers. Alphabet is listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A GOOG and) (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 makes considerable investments in the Stadia cloud gaming system, Waymo self driving automobiles, as well as other technology initiatives.
Alphabet competes with businesses that provide internet platforms for connecting people 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 twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a large margin. Both total revenue and cloud revenue even 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 growth 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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