Alphabet Inc. was originally founded as a search engine company in 1998 under the identity Google Inc. Since then, Google has turned out to be the world’s most popular search engine, with an eighty seven % share of the global research market. The company has diversified far past search engines in the past 2 decades. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, in addition to a selection of other businesses. Alphabet is 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. Moreover, 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 will offer online platforms for connecting individuals 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), and some.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a wide margin. Both total revenue as well as 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 reflect wide based growth led by an increase in advertiser invest on Search and Youtube and also continued strength in Play,” and google Cloud stated CFO Ruth Porat.
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