Alphabet Inc. was originally founded as a search engine company in 1998 under the title Google Inc. Since then, Google has turned out to be the world’s most popular search engine, with an 87 % share of the world-wide research market. The company has diversified far beyond search engines of the past two years. It reorganized in 2015 and created the holding company Alphabet Inc. The parent holds Google, the largest subsidiary of its, 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 through the Google Search engine, YouTube, Google Play, Google Cloud, Chrome browser , and Android mobile operating system. Moreover, the company renders considerable investments in the Stadia cloud gaming system, Waymo self driving automobiles, as well as other technology initiatives.
Alphabet competes with companies that offer online platforms for connecting people with info 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), and some.
Alphabet’s Latest Developments
On October twenty nine, 2020, Google parent Alphabet posted Q3 2020 EPS which beat analysts’ estimates by a wide margin. Both total revenue and cloud revenue also surpassed expectations. Net income, revenue, and cloud revenue all rose compared to the year-ago quarter driven by improved advertising spend. “Total revenues of $46.2 billion in the third quarter mirror wide based growth led by an increase in advertiser spend in Search and Youtube as well as continued strength in google Cloud and Play,” said CFO Ruth Porat.
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