Google completes 20 years of existence

Under the leadership of Sundar Pichai and riding on Search engine and YouTube growth, Google's revenue jumped 26% to $23.3 billion in the second quarter in 2018

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New Delhi: Google that came into existence 20 years back with its first product Search engine from a garage, today has seven products that are used by more than a billion people every month.

The exact date of the company’s founding is up for debate even for those who are in the business of providing answers.

“Google Inc. was incorporated on 4 September, but for more than a decade we’ve celebrated our birthday on 27 September, with an annual Doodle, of course,” the company said in a blog post on Tuesday.

Instead of a handful of employees in a Menlo Park garage, Google today has tens of thousands of employees and offices in nearly 60 countries.

“Google is now part of Alphabet, our parent company created in 2015,” said the blog post.

As the company marks its 20th birthday this month, it will spend some time looking back on what it has accomplished in the past two decades, starting with the 10th birthday of Chrome.

Under the leadership of Sundar Pichai and riding on a Search engine and YouTube growth, Google’s revenue jumped 26% to $23.3 billion in the second quarter in 2018.

Traffic acquisition costs, a key metric in Google’s ad business, went up to 23% of ad revenue in the second quarter.

Google’s parent company Alphabet reported $26.24 billion in revenue for the quarter that ended on 30 June making a profit of $3.2 billion while beating Wall Street expectations.

“We’re still pushing the boundaries of available technologies, particularly Artificial Intelligence. And we’re still dedicated first and foremost to the user, to building products for everyone,” said Google.

The Google company was officially launched in 1998 by Larry Page and Sergey Brin to market Google Search, which has become the most widely used web-based search engine. Page and Brin, students at Stanford University in California, developed a search algorithm – at first known as “BackRub” – in 1996.

The search engine soon proved successful and the expanding company moved several times, finally settling at Mountain View in 2003. This marked a phase of rapid growth, with the company making its initial public offering in 2004 and quickly becoming one of the world’s largest media companies.

The company launched Google News in 2002, Gmail in 2004, Google Maps in 2005, Google Chrome in 2008, and the social network known as Google+ in 2011, in addition to many other products. In 2015, Google became the main subsidiary of the holding company, Alphabet Inc.