Alphabet Inc. was initially founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an 87 % share of the worldwide lookup market. The company has diversified far beyond engines like google in the past two years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, and 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 through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Moreover, the company has made considerable investments in the Stadia cloud gaming system, Waymo self-driving automobiles, along with other technology initiatives.
Alphabet competes with businesses that will offer internet platforms for connecting individuals with info and application platforms, digital content, and relevant advertising, 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), while 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, 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 broad based growth led by a growth in advertiser invest on Youtube and Search plus continued strength in Play,” and google Cloud said CFO Ruth Porat.
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