Alphabet Inc. was initially founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has become the world’s most popular search engine, with an eighty seven % share of the global research industry. The company has diversified far past engines like google of the past 2 years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, and a number of other businesses. 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. In addition, 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 offer online platforms for connecting men and women with information 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 29, 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, 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 broad based growth led by an increase in advertiser invest in Youtube and Search and also continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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