Alta Equipment Group Inc. Class A

Welcome, everyone, and thank you for standing by for the Alphabet Q3 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I'd now like to hand the conference over to your speaker today, Jim Friedland, Director of Investor Relations. Please go ahead.

Thank you. Good afternoon, everyone, and welcome to Alphabet's third quarter 2021 earnings conference call. With us today are Sundar Pichai, Philip Schindler, and Ruth Peratt. Now, I'll quickly cover the safe harbor. Some of the statements that we make today regarding our business, operations, and financial performance, including the effect of the COVID-19 pandemic on those areas, may be considered forward-looking, and such statements involve a number of risks and uncertainties, that could cause actual results to differ materially. For more information, please refer to the risk factors discussed in our most recent forms 10-K and 10-Q filed with the SEC. During this call, we will present both GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in today's earnings press release, which is 4%.

I think, you know, as you all know,

Philip, if you look at some of the emerging and developing markets today, some of the companies there around the world have had to play multiple roles in helping to solve for transactional friction by rolling out payments, logistics, and other solutions that we probably take for granted here in the States. Do you think Google should or could play a more expansive role in India and some of the other emerging markets to help accelerate the growth of e-commerce versus the role that, you know, you played in the U.S. and the West. Thanks.

You know, in overall hardware and computing, you know, obviously, you know, we have been doing this for a while now. You know, if you look at the Google Tensor bet, these are multi-year bets, you know, which finally play out. I couldn't be more excited at the reception for Pixel 6 and Google Tensor. And I think it lays a good foundation of what we want to do in the future. We definitely have a long-term view on where computing is headed. We want to make sure, and to innovate there, you have to think at the intersection of user experience, software, and hardware. I think we have a unique perspective to bring, a unique point of view with our AI-first approach and applying that to bring new features and new experiences. So we'll be doing it to push computing forward. We want to guide our ecosystem. When we do well in a category, the whole ecosystem benefits from it. And finally, we're going to be doing this with a view towards building a sustainable business. And we see this as an important area, and we are investing with that viewpoint. And I'm really excited, you know, with what Google Tensor and the Pixel 6 team has been able to accomplish, and I view it just as a start.

So on the second part of your question, look, every commerce experience is also a payment experience, and friction-laden checkout can take the joy out of a purchase. I think we've all been there. So think about Google Pay as a checkout facilitator. We want to make it even easier for consumers to access whatever payment method they really want, credit card, PayPal, Shop Pay, and so on and so on. And to the global nature of your question, 150 million people across 40 countries are now using Google Pay to manage transactions and stay on top of their finances. And millions of merchants are using it to provide their customers with a simple and safe way to check out, whether it's in-store or online or via their app. So right now, we continue to be very focused on helping both merchants and financial institutions create more intuitive digital experiences and connect with their customers. In the U.S., we're partnering with merchants to surface what we call cart-linked offers and coupons within Google Pay. And in August, we announced the partnership with a C2 fintech company in India. That was a part of your question, to help users open fixed deposit accounts directly from Google Pay. So we think there's much more that we can do for both consumers and our partners. So stay tuned on this one. Thank you.

Thank you. And that concludes our question and answer session. I'd like to turn the conference back over to Jim Friedland for any closing remarks.

Thanks, everyone, for joining us today. We look forward to speaking with you again on our fourth quarter 2021 call. Thank you and have a good evening.

Thank you. This concludes today's conference call. Thank you for participating and you may now disconnect. Good day, ladies and gentlemen, and welcome to the Alphabet third quarter 2018 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will be given at that time. If anyone should require operator assistance, please press star and then zero on your touch-tone telephone. I'd now like to turn the conference over to Ellen West, Head of Investor Relations. Please go ahead.

Thank you. Good afternoon, everyone, and welcome to Alphabet's third quarter 2018 earnings conference call. With us today are Ruth Peratt and Sundar Pichai. Now I'll quickly cover the safe harbor. Some of the statements that we make today may be considered forward-looking.