Google Inc (NASDAQ:GOOGL) recently completed 10 years as a public company. Since their IPO, 10 years back, the company has grown significantly. Google currently is the third largest company in the U.S. in terms of market cap, outperforming many other companies in the last 10 years. Howard Silverblatt, S&P Dow Jones Indices’ senior Index analyst, talked on CNBC about Google’s incredible growth in the last 10 years and other major companies that are tracked by his firm.
Silverblatt pointed out that the companies like Apple Inc (NASDAQ:AAPL), Netflix, Inc. (NASDAQ:NFLX) and Salesforce.com, Inc (NYSE:CRM) are in the top 10 companies tracked by his company. He mentioned that Salesforce has gone past the Western Digital Corp (NASDAQ:WDC) to occupy the 10th spot in the list.
“[…] Google is now the third largest company in the Index, from nowhere, and it is knocking on the door to become number two,” Silverblatt said.
Silverblatt thinks that Google Inc (NASDAQ:GOOGL) has grown significantly in the last 10 years, outperforming many other major companies along the way.
Google Inc (NASDAQ:GOOGL)’s earnings were not as significant as the other companies in the top 10. However, Silverblatt thinks that Google is a non-dividend paying growth stock. Most of the companies in the top 10 do not pay the dividends. He also mentioned that Apple Inc (NASDAQ:AAPL) has recently started paying dividends.
Silverblatt added that the tech or tech related companies like Google Inc (NASDAQ:GOOGL) were new to the market few years back and yet displayed quick growth in those markets.
“[…] The speed at which a company can go from basically a startup, a thought, an idea to a major corporation is not like you have to be a steel company […], where you need billions of dollars to build that with thousands of employees,” Silverblatt mentioned.