![]() In a statement accompanying the results, Sundar Pichai, chief executive of Alphabet and Google, recalled how he’d laid out the vision to become an AI-first company five years ago. It also said operating income had risen 32% year-on-year from $11.2bn to $21bn, while net income was up almost 28% to $18.9bn. Revenues rose sharply in the third quarterĪlphabet recently reported a 41% increase in revenues to $65.1bn for the third quarter ended 30 September 2021 – up from $46.17bn in the corresponding period last year. “Because more and more of today’s great digital experiences are being built in the cloud, our Google Cloud products help businesses of all sizes take advantage of the latest technology advances to operate more efficiently,” Alphabet added. ![]() Google Cloud, meanwhile, has seen continued investment within areas such as infrastructure, security, data management, analytics and artificial intelligence. “Working with content creators and partners, we continue to build new ways for people around the world to find great digital content,” the tech giant said in a filing to the US Securities and Exchange Commission (SEC). Google Services includes Android, Chrome, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube. They include emerging businesses at various stages of development and operate as independent companies. Alphabet’s non-Google interests are collectively known as Other Bets. This remains Alphabet’s largest business and is reported as two segments: Google Services and Google Cloud. The most logical place to start is by taking a look at the various companies that come under the Alphabet umbrella. ![]() So, what are Alphabet’s prospects over the next five years? Innovation in technology as well as regulatory hurdles may be the defining factors that shape the Alphabet stock price in 2025.Īlphabet stock analysis: What businesses make up the company? The stock has risen over 5,000% since its IPO in 2004 to $2,847 (as of 6 December). No-one can deny that it’s been successful. “Google is not a conventional company,” it stated. In fact, the very first founders’ letter they wrote in 2004 made their intentions clear. While such a corporate shake-up is relatively unusual, it’s typical of the unorthodox approach taken by Larry Page and Sergey Brin, who co-founded the Google search engine in the late 1990s. ![]() The US technology conglomerate was created six years ago when Google was restructured to enable its various business interests to be managed more independently. Alphabet (GOOGL) stock forecast for 2025: Where next for the technology giant? – Photo: ShutterstockĪlphabet may not be an instantly recognisable name, but it’s the world’s third largest company with a market capitalisation of $1.99tn. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |