Alphabet Inc. was originally founded as a search engine company in 1998 under the identity Google Inc. Since that time, Google has turned out to be the world’s most popular search engine, with an eighty seven % share of the world-wide search market. The company has diversified far past search engines of 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 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 through the Google Search engine, Chrome browser, Google Cloud, Google Play, YouTube , and Android mobile operating system. Furthermore, the company makes extensive investments in the Stadia cloud gaming system, Waymo self driving automobiles, and other technology initiatives.
Alphabet competes with companies that provide online platforms for connecting individuals with information and application platforms, digital content, and relevant advertising, 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 others.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS that beat analysts’ estimates by a broad margin. Both total revenue as well as cloud revenue even surpassed expectations. Net income, revenue, and also 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 an increase in advertiser invest in Search and Youtube plus continued strength in google Cloud and Play,” stated CFO Ruth Porat.
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