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 worldwide research market. The company has diversified much beyond engines like google in the past two years. It reorganized in 2015 and also created the holding company Alphabet Inc. The parent holds Google, its largest subsidiary, and a selection of other manufacturers. Alphabet is actually listed on the Nasdaq exchange under the ticker symbols, GOOGL (Class A ) and GOOG (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 makes considerable investments in the Stadia cloud gaming system, Waymo self-driving vehicles, and other technology initiatives.
Alphabet competes with companies that provide internet platforms for connecting people with information and application platforms, digital content, and relevant advertising, 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 some.
Alphabet’s Latest Developments
On October 29, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a wide margin. Both total revenue as well as cloud revenue even surpassed expectations. Net income, revenue, as well as 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 wide based growth led by a growth in advertiser invest in Youtube and Search plus continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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