Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since that time, Google has become the world’s most popular search engine, with an 87 % share of the worldwide search market. The company has diversified far past engines like google in the past 2 years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, along with a number of other manufacturers. 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, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Furthermore, the company renders considerable investments in the Stadia cloud gaming system, Waymo self driving vehicles, along with other technology initiatives.
Alphabet competes with businesses that provide online platforms for connecting men and women with information and relevant advertising, digital content and application platforms, enterprise cloud services, and other things. Main competitors include Amazon.com Inc. (AMZN), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Facebook Inc. (FB), Alibaba Group Holdings Ltd. (BABA), and others.
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 and cloud revenue also surpassed expectations. Net income, revenue, as well as 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 a growth in advertiser spend on Youtube and Search as well as continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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