Alphabet Inc. was originally founded as a search engine company in 1998 under the name Google Inc. Since that time, Google has become the world’s most popular search engine, with an eighty seven % share of the world-wide search market. The company has diversified much past engines like google of the past two years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, and a number of other companies. 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 automobiles, along with other technology initiatives.
Alphabet competes with businesses that provide online platforms for connecting people 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), while others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a broad 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 rise in advertiser spend in Search and Youtube plus continued strength in Play,” and google Cloud said CFO Ruth Porat.
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