Google India Plays Crucial Role In Alphabet&#8217;s Q2 2018 Earnings Call
Sundar Pichai, CEO, Google It is no secret that Google is planning big things for India, and that the country is crucial for search engine giant’s growth and success. At the Quarter 2, 2018 earnings call meeting for Alphabet, Google’s parent company, Sundar Pichai announced interesting developments for the Indian market. Announcing that Alphabet’s major revenue generation happened from the mobile phone search engine, the company added that their total revenue had reached $32.7 billion. This is a 26 percent surge compared to the figures showed last year for the same quarter. Talking about the company’s plans Google CEO Pichai mentioned India in several cases: Google Maps: “At Google I/O, we also highlighted how AI is improving Google Maps, including enhancing the experience with Assistant and AR features. Through our improvements in machine learning, we have seen a 25X increase in our ability to build Maps algorithmically and we have added 110 million algorithmically drawn buildings to Maps since the beginning of this year. With over a billion users, we are continuing to see tremendous growth in Maps, with especially strong growth in countries like Indonesia, India, and Nigeria, each of which is growing over 50% year-on-year.” Google for mobile phones: “I want to give a quick shout-out to the work that we are doing to build great specialized products for the next wave of people coming online for the first time in countries like India, Indonesia, Brazil, and Nigeria. Many of whom experience the web only through their mobile phone. This is a big area of focus for us.” Google partnerships: “Through a great partnership with Indian Railways and RailTel, we have hit our goal of enabling high-speed, public Wi-Fi in 400 train stations across India.” Google Tez: “We do see unique opportunities in these (emerging) markets, which are different from our more mature markets. You’ve seen us address that (payments) exclusively with Google Tez in India. And so, we will look to do more like that.” https://youtu.be/TTvjOoMWWB8
It is no secret that Google is planning big things for India, and that the country is crucial for search engine giant’s growth and success. At the Quarter 2, 2018 earnings call meeting for Alphabet, Google’s parent company, Sundar Pichai announced interesting developments for the Indian market. Announcing that Alphabet’s major revenue generation happened from the […]
It is no secret that Google is planning big things for India, and that the country is crucial for search engine giant's growth and success. At the Quarter
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Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.