Google Soon To Hit $1 Trillion
Google is already one of the most valuable companies on the planet. The company already owns almost half of the internet, and now it’s on the way to own the financial market too. Google was in the $800 billion club for a while, and now it’s well on its way to join the $1 trillion club.
Google has a ton of companies under its umbrella, but at the top sits its parent company, Alphabet. The company did amazingly well in its second quarter and brought in $32.66 billion. This number is huge, and it’s a 26 percent increase from last year and is also a faster rate of increase from previous years.
The amount that the company brought in was a 21 percent jump from that in 2016, and there are also various other numbers and figures to show that the company is doing well. Alphabet’s main revenue comes from advertising, and it continues to grow. The cost-per-click method also shows how well the business is blooming too.
Competitors
But Google isn’t alone in this race. Apple has already been in this race for a while now, and Google is behind in the race. Though Google might be falling short of Apple, the company is now neck-to-neck with Amazon.
But not everything is a bed of roses for Google. The company is being slapped with a massive fine by the EU, and though that is a blow for the company revenue wise, the company is assured to continue to grow over time.
Alphabet isn’t Google’s only revenue making company. Google also earns a ton from the cloud, and the revenue grew substantially to over $4.43 billion. This revenue also indicates that the company is expanding on all sides, and isn’t dependent on a single market or factor.
Cloud Computing
Google already has plans on expanding the cloud business, and it seems that the company is doing pretty well in executing that. Cloud is the name of the game, and the company is capturing developers with its various technologies, especially the deep-learning framework TensorFlow. The company is also expected to see a lot of momentum as deep learning tools take over the industry.
Google’s TensorFlow kills of all the complexity that is involved in machine learning, and as a developer, what you want is the process to be made easier, and so Google’s algorithm and platform would lure developers and companies to the platform.
And so one thing is clear, Google is all out to earn the needed bucks, and it seems that no company can stand in its way.
