In this article we will take a look at the 15 most valuable IT companies in the world.
The influence of technology is growing, seeping across different industries, and bringing about significant transformative changes to the global economy. Digital operations have become more important than ever as the pandemic has accelerated the global tech revolution. The tech industry is on track to reach $5 trillion in 2021.
The driving factors behind the explosive growth of the IT industry are led by the introduction of artificial intelligence technologies. Many companies are integrating AI into cloud-based technologies to deliver them on a much larger scale. Other key innovations that are supporting this growth include social and big data, analytics, cloud, and mobile technologies. Leading IT companies are seen to be investing more in AI, robotics, and augmented reality which is believed to be the future of the tech revolution.
The tech market in the US is one of the largest in the world accounting for almost a third of the global tech market share. The biggest American IT companies are working across several industries with diversified products and services that have revolutionized business processes. The competition amongst them is getting fiercer by the day as the Big Five companies — Apple Inc. (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc. (NASDAQ: GOOG), Amazon.com, Inc. (NASDAQ: AMZN) and Facebook, Inc. (NASDAQ: FB) — are consistently strengthening their positions.
Four out of the Big Five have already crossed the trillion-dollar market valuation with their constant innovation and high-tech products. Microsoft Corporation (NASDAQ: MSFT) crossed the $2 trillion market capitalization mark in June 2021, while Alphabet Inc. (NASDAQ: GOOG) became the fourth American company to reach a market valuation of $1 trillion on January 2020.
While the dominance of the Big Five companies is unrivalled, there are many other IT companies around the world that have made their own mark in the industry and are breaking into new grounds within the IT sector. For example, Oracle Corporation (NYSE: ORCL) develops database software & cloud engineered systems and is working with Fintech companies like Everest to bring blockchain technology to banks around the world. Oracle Corporation (NYSE: ORCL) has already been chosen by Deutsche Bank for a multi-year contract to modernize and accelerate its digital transformation.
Similarly, SAP SE (NYSE: SAP) is the biggest non-US software company in terms of revenue and brought in a total revenue of $32.28 billion in FY 2020. SAP SE (NYSE: SAP) is set to create the largest business network in the world. The German tech giant has reached a market valuation of $174.9 billion as of July 2021.
As the COVID-19 pandemic has shaken the global economy, IT companies are continuing to thrive by increasing their growth margins and expanding their customer base as more people are making the shift towards the internet, applications, cloud-based services, and AI. The most valuable IT companies in the world are raking in billions of dollars in revenue each year.
The following list ranks the top IT companies according to their market capitalization as of July 15th, 2021. We have selected core IT companies that have a particular focus on software. Let’s take a look at the 15 most valuable IT companies in the world.
Most Valuable IT Companies in the World
15. Hewlett Packard Enterprise Company (NYSE: HPE)
Market Cap: $18.374 billion
Hewlett Packard Enterprise Company (NYSE: HPE) is a Texas-based IT enterprise company which provides services that enable its customers to capture, analyze and act upon data effectively. The company’s Hybrid IT segment brought in around 83% of total revenue in 2020. Hewlett Packard Enterprise Company (NYSE: HPE) has also acquired Determined AI to expand its machine learning platforms and deliver robust software that can train AI models more quickly. The company is showing a lot of promise with its innovative technologies and has earned the number 15th spot amongst the 15 most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Hewlett Packard Enterprise Company (NYSE: HPE) is one of the most valuable IT companies in the world.
14. Capgemini SE (OTC: CGEMY)
Market Cap: $33.146 billion
Capgemini is an IT and consulting company that provides digital transformation and engineering services to its clients around the world. The France-based IT company has been making waves in the industry due to its recent partnership with Qualcomm communications to boost the implementation of 5G networks for industries.
The company has also announced its acquisition of Acclimation, a SAP service provider based in Australia. It is safe to say that Capgemini SE has significantly strengthened its position in the global IT sector with a diverse client and investment portfolio. With a market cap of $33.146 billion, the company ranks at number 14 in the 15 most valuable IT companies in the world list.
Like International Business Machines Corporation (NYSE: IBM), Alphabet Inc. (NASDAQ: GOOG), Microsoft Corporation (NASDAQ: MSFT), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Capgemini SE (OTC: CGEMY) is one of the most valuable IT companies in the world.
13. Cognizant Technology Solutions Corporation (NASDAQ: CTSH)
Market Cap: $36.302 billion
Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is a New Jersey-based, leading professional services company that provides technology, consulting, and outsourcing services to its clients across the world. The company is on track to solidify its position in the IT sector and has recently announced its Google Business Group which will help its customers adopt cloud modernization technologies.
Cognizant Technology Solutions Corporation (NASDAQ: CTSH) has also been selected by Centrica as its sole tech service provider to manage its UK operations. The company also acquired a German automotive engineering company called ESG Mobility. The company earned a total revenue of $16.7 billion in 2020 and has a market cap of $36.302 billion, making it one of the most valuable IT companies in the world.
In its Q1 2021 investor letter, Diamond Hill Capital highlighted a few stocks, and Cognizant Technology Solutions Corp (NASDAQ:CTSH) is one of them. Here is what Diamond Hill Capital said:
“Cognizant Technology Solutions Corp. (Cl A) is an information technology services company that has encountered challenges in its financial services and health care industry verticals, which combined represent over 60% of revenue. We are supportive of steps the company is taking to reaccelerate revenue growth after a period of overemphasizing operating margin expansion.”
Like Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), Alphabet Inc. (NASDAQ: GOOG), Accenture plc (NYSE: ACN), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is one of the most valuable IT companies in the world.
12. Wipro Limited (NYSE: WIT)
Market Cap: $44.006 billion
Wipro Limited (NYSE: WIT) was founded in 1945 and is headquartered in Bengaluru, India. It is a leading IT, consulting, and business process services company worldwide that also ranked 29th in the Fortune India 500 list. The company is one of the largest employers in India with over 195,000 employees as of 2020. Wipro Limited (NYSE: WIT) has also been recognized in the SAP Innovation Awards of 2021 for its fashion rental solution.
The leading tech giant has also entered into a collaboration with Finastra, a financial software vendor, to enable corporate banks across Asia to undergo a digital transformation. Wipro Limited (NYSE: WIT) has experienced exponential growth in the past few years. Wipro Limited (NYSE: WIT) has reported a successful first quarter of the current fiscal year with gross revenue amounting to over $2.5 billion, representing a 22.4% year-over-year increase. Wipro Limited (NYSE: WIT) ranks 12th in Insider Monkey’s list of the 15 most valuable IT companies in the world, according to its market cap.
Like Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Cognizant Technology Solutions Corporation (NASDAQ: CTSH) is one of the most valuable IT companies in the world.
11. Twilio Inc. (NYSE: TWLO)
Market Cap: $62.628 billion
Twilio Inc. (NYSE: TWLO) is another noteworthy IT company that provides cloud-based communication platforms which helps software developers to make and receive calls, messages, and other functions using its API. Twilio Inc. (NYSE: TWLO) also creates customer engagement software applications for its clients worldwide. The San Francisco-based company announced its acquisition of Zipwhip, a message service provider, in May 2021 to help expand its operations.
Twilio Inc. (NYSE: TWLO) has shown strong financial performance with a revenue of $1.76 billion for FY 2020 and a market cap of $62.62 billion as of 15th July 2021 making it one of the most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), Wipro Limited (NYSE: WIT), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Twilio Inc. (NYSE: TWLO) is one of the most valuable IT companies in the world.
10. Infosys Limited (NYSE: INFY)
Market Cap: $89.888 billion
Infosys Limited (NYSE: INFY) is the 2nd largest Indian IT company that has made the list. Headquartered in Bengaluru, the multinational IT company primarily focuses on business consulting and outsourcing services in Europe, North America, India, and other countries. The tech giant has reached a market cap of $89.88 billion and seems to be benefitting from increased demand as several businesses around the world are undergoing digital transformations.
Infosys Limited (NYSE: INFY) has also focused on partnerships and acquisitions to improve its products and services and expand across other markets. Infosys Limited (NYSE: INFY) is known as a global leader in next-gen digital services and has recently announced a partnership with Archrock Inc. which is a gas company in the US undergoing a major digital transformation. Infosys Limited (NYSE: INFY) reported a global revenue of approximately $13.56 billion as of 2020. Infosys Limited (NYSE: INFY) ranks 10th in the list of the 15 most valuable companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), Wipro Limited (NYSE: WIT), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Infosys Limited (NYSE: INFY) is one of the most valuable IT companies in the world.
9. ServiceNow, Inc. (NYSE: NOW)
Market Cap: $110.044 billion
ServiceNow, Inc. (NYSE: NOW) ranks 9th in the list of the 15 most valuable IT companies in the world. Based in Santa Clara, California, the company designs enterprise cloud computing products and services to help businesses manage their digital workflows effectively. The company is on track to achieve its goal of $10 billion revenue in the coming year. In March 2021, ServiceNow, Inc. (NYSE: NOW) announced its plans to acquire Intellibot and Lightstep to expand its cloud computing platform. ServiceNow, Inc. (NYSE: NOW) also announced a partnership with Microsoft to integrate security operations for businesses.
ServiceNow, Inc. (NYSE: NOW)’s latest cloud software has already shown promising results by incorporating artificial intelligence to fix practical enterprise problems. ServiceNow, Inc. (NYSE: NOW) declared a revenue of $1.36 billion for Q1 of FY 2021 which shows a 30% year-over-year increase. With a market cap of $110.044 billion, ServiceNow, Inc. (NYSE: NOW) has become one of the most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), International Business Machines Corporation (NYSE: IBM), Wipro Limited (NYSE: WIT), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), ServiceNow, Inc. (NYSE: NOW) is one of the most valuable IT companies in the world.
Palm Capital, in its Q1 2021 investor letter, mentioned ServiceNow, Inc. (NYSE: NOW). Here is what the fund said:
“ServiceNow provides software solutions to structure and automate various task and processes for large businesses. The company began in 2004 with a solution to help businesses manage the IT services they offer employees and customers. Unlike the existing solutions in the market, ServiceNow’s offering was built using modern architecture that was flexible, modular, and user-friendly. And it left the incumbents – large companies such as BMC, IBM and MicroFocus – playing catch up.
As the company grew to dominate this market, it saw the opportunity to expand its offering to include the broader task of IT Operations Management – or the monitoring and control of an entire business’s IT infrastructure. And over time its success in
improving productivity and user experience in IT resulted in customers asking the company to expand its offering into other business workflows including HR Management and Customer Services – which it has since done…” (Click here to see the full text).
8. International Business Machines Corporation (NYSE: IBM)
Market Cap: $124.352 billion
Also known as the Big Blue, International Business Machines Corporation (NYSE: IBM) is one of the pioneering IT companies that was established in 1911 and has since become one of the most valuable IT companies in the world. Based in New York, International Business Machines Corporation (NYSE: IBM) operates in over 170 countries and is one of the largest employers in the world. It is also a research organization and holds a record for generating the largest number of U.S patents since the past 28 years. With its latest agreement to acquire Bluetab Solutions Group, a Spanish IT company, IBM hopes to extend its portfolio within the hybrid cloud and data consulting services.
International Business Machines Corporation (NYSE: IBM) reported strong financial results for Q1 of FY 2021 with revenue amounting to $17.7 billion showing a 1% increase and an EPS of $1.77. The company’s shares have increased by 17% since the beginning of the year. The tech giant has a market cap of over $124.35 billion, earning it the number 8 spot in the list of the 15 most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL), salesforce.com, inc. (NYSE: CRM), and Hewlett Packard Enterprise Company (NYSE: HPE), International Business Machines Corporation (NYSE: IBM) is one of the most valuable IT companies in the world.
7. Tata Consultancy Services Limited (BSE: TCS.BO)
Market Cap: $148 billion
Tata Consultancy Services Limited (NSE: TCS) is a leading Indian IT company based in Mumbai. The company focuses on providing IT enabled services such as cloud-based management systems, automation software, assessment platforms, and blockchain solutions etc. This global consulting and business solutions company is the largest IT exporter of India that has operations in 19 countries worldwide. Tata Consultancy Services Limited has seen significant momentum in its business across Europe which accounts for a third of the company’s total revenue. The company has emerged as one of the top IT providers in the region as more businesses are seeking to adopt newer technologies. It has recently announced to expand operations in Arizona by 2026. Tata has already some big-name customers in its pocket like Deutsch Bank, SAP, ABB, and Infineon.
The company reported a net income for Q1 of FY 2021 of $1.22 billion representing a 32% year-over-year increase while revenue for the quarter stood at $6.15 billion. With a market cap of over $148 trillion, Tata Consultancy Services Limited (NSE: TCS) has earned the number 7 spot in the list of the 15 most valuable IT companies in the world.
6. SAP SE (NYSE: SAP)
Market Cap: $174.908 billion
SAP SE (NYSE: SAP) is a German IT corporation that focuses on enterprise application software. The company has four main segments: applications, Qualtrics, services, and technology support. Founded in 1972, the company has established itself as one of the largest companies in Germany by market capitalization. SAP SE (NYSE: SAP) is also the biggest non-US software company in terms of revenue and brought in a total revenue of $32.28 billion in FY 2020.
SAP SE (NYSE: SAP) recently announced its plans of creating the largest business network in the world at its global conference. With over 425,000 employees working in 180 countries worldwide, SAP SE (NYSE: SAP) has landed the number 7 spot in the list of the 15 most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), ServiceNow, Inc. (NYSE: NOW), International Business Machines Corporation (NYSE: IBM), Wipro Limited (NYSE: WIT), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), SAP SE (NYSE: SAP) is one of the most valuable IT companies in the world.
Vulcan Value Partners, in its Q1 2021 investor letter, mentioned SAP SE (NYSE: SAP). Here is what the fund said:
“SAP SE is a global software provider known for its strength in enterprise resource planning (ERP) systems. The company’s installations are highly customized, deeply entrenched, and extremely difficult to replace. SAP is one of the largest companies in the world that provides a broad range of enterprise solutions through the Cloud and on-premise. Its committed customer base provides a runway for long-term growth and robust free cash flow production. SAP has begun the migration of its customer base to the Cloud. This transition will take time and depress its short-term revenue growth; however, the Cloud improves its long-term prospects and competitive positioning. We believe margins and revenue will increase as the company builds scale in the Cloud. The company lowered guidance for the next couple of years as they make the transition, the market reacted negatively, and the stock price declined. With a stable value and an attractive margin of safety, we are pleased to have an opportunity to own SAP in the portfolio.”
5. Accenture plc (NYSE: ACN)
Market Cap: $198.84 billion
Securing the number 5 spot is Accenture plc (NYSE: ACN), an Irish multinational IT professional services company that was established in 2009. Accenture plc (NYSE: ACN) is headquartered in Dublin and has over 569,000 employees worldwide. The company reported a total revenue of $44.33 billion at the on FY 2020. Its current client list includes almost 91 companies included in the Fortune Global 100 list. The company has recently made the news for its acquisition of multiple tech companies like Imaginea Technologies, Infinity Works, and Cygni, in hopes to expand its hybrid cloud first division.
According to a Forrester Research report, Accenture plc (NYSE: ACN) was named the leader amongst all European cybersecurity providers. The company is solidifying its position in the tech industry and has demonstrated strong financial performance since the beginning of FY 2021. For the first quarter of the year, Accenture plc (NYSE: ACN) reported revenues of $13.26 billion showing a 21% year-over-year increase. The company has a market cap of $198.84 billion as of 15th July 2021. Accenture plc (NYSE: ACN) ranks 5th in the list of the 15 most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), ServiceNow, Inc. (NYSE: NOW), SAP SE (NYSE: SAP), International Business Machines Corporation (NYSE: IBM), Wipro Limited (NYSE: WIT), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL) and salesforce.com, inc. (NYSE: CRM), Accenture plc (NYSE: ACN) is one of the most valuable IT companies in the world.
Fiduciary Management Inc., in its Q1 2021 investor letter, mentioned Accenture plc (NYSE: ACN). Here is what the fund said:
“Even great companies can get too expensive. In early January, we sold our long-standing position in Accenture PLC after the company’s valuation exceeded 30 times next 12 months (NTM) earnings per share (EPS). We originally invested in Accenture at the launch of the FMI International strategy at a valuation below 15 times NTM EPS and held the stock for over ten years. We added to the holding numerous times in the early years, growing the position size to as high as 5.5% in late 2014, before dialing it back in recent years as the valuation became less compelling. It is one of the world’s largest information technology services firms, specializing in helping complex, global businesses navigate disruption, and focusing on next-generation services like digital, cloud, and security. For years, the investment allowed FMI to capture the inherently higher growth of technology-related industries (GDP+) without investing directly in pure “invention-oriented” technology companies. Through Accenture we were able to avoid some of the shortfalls of tech investing: technology obsolescence, short product cycles, and subpar return on invested capital (ROIC). It grew steadily, was solidly profitable, capital-light, and generated high returns, all while maintaining a rock-solid balance sheet. It compounded its business value for many years, outperforming the MSCI EAFE indices by over 450% during our holding period. Unfortunately, the market increasingly recognized the company’s positive attributes, and the stock’s discount to intrinsic value slowly evaporated. Despite our admiration for the business, it exceeded our valuation threshold. We will continue to follow the company closely for future opportunities.”
4. salesforce.com, inc. (NYSE: CRM)
Market Cap: $219.152 billion
salesforce.com, inc. (NYSE: CRM) is a California-based cloud-based software company that focuses on customer relationship management services. The company is focused on marketing automation, app development and analytics across several categories. salesforce.com, inc. (NYSE: CRM) ranked at second place in Fortune magazine’s list of the 100 best companies to work for in 2021. The company has over 100,000 customers around the world and reported a total revenue of $21.52 billion as of 2020.
Like Microsoft Corporation (NASDAQ: MSFT), ServiceNow, Inc. (NYSE: NOW), SAP SE (NYSE: SAP), International Business Machines Corporation (NYSE: IBM), Alphabet Inc. (NASDAQ: GOOG), Oracle Corporation (NYSE: ORCL), salesforce.com, inc. (NYSE: CRM), and Accenture plc (NYSE: ACN), salesforce.com, inc. (NYSE: CRM) is one of the most valuable IT companies in the world.
ClearBridge Investments, in its Q1 2021 investor letter, mentioned salesforce.com, inc. (NYSE: CRM). Here is what the fund said:
“We added to our software-as-a-service (SaaS) exposure with the initiation of SaaS leader salesforce.com, which develops software for customer relationship management (we added Workday, which enterprise resource planning applications, last quarter). Saleforce.com is well-positioned in the most attractive end markets in software and will benefit from secular drivers such as remote work and the digital transformation. Salesforce.com is a sustainability leader as well, with a commitment to carbon-neutral cloud, toward which it has set a goal of 100% renewable energy for global operations by fiscal year 2022. The company has a strong focus on equality, in terms of equal rights, pay, education and opportunity. As a data company it has been leading on workforce disclosures and seeks to have 50% of its U.S. workforce made up of underrepresented groups by 2024.”
3. Oracle Corporation (NYSE: ORCL)
Market Cap: $240.81 billion
Oracle Corporation (NYSE: ORCL) focuses on the provision of enterprise information technology solutions. Based in Austin, Texas, the company was founded in 1977 and has since become one of the most valuable IT companies in the world with its innovative cloud-based products and services. The company develops database software & cloud engineered systems. Oracle Corporation (NYSE: ORCL) has recently announced its partnership with fintech provider Everest in hopes to bring blockchain technology to banks around the world. Oracle has already been chosen by Deutsche Bank for a multi-year contract to modernize and accelerate the banks digital transformation.
According to Reuters, Oracle Corporation (NYSE: ORCL) is hoping to double its capital investment in the cloud segment to approximately $4 billion by 2022. The company is showing no signs of slowing down and has earned the number 3 spot in the 15 most valuable IT companies in the world list.
Like Microsoft Corporation (NASDAQ: MSFT), ServiceNow, Inc. (NYSE: NOW), SAP SE (NYSE: SAP), International Business Machines Corporation (NYSE: IBM), Alphabet Inc. (NASDAQ: GOOG), salesforce.com, inc. (NYSE: CRM), and Accenture plc (NYSE: ACN), Oracle Corporation (NYSE: ORCL) is one of the most valuable IT companies in the world.
Ariel Investments, in its Q1 2021 investor letter, mentioned Oracle Corporation (NYSE: ORCL). Here is what the fund said:
“A temporary factor might be a downturn in the high-yield bond market driving up LBO financing costs for the decline in 2021 GAAP revenue for Oracle Corporation (ORCL) due to a change in accounting methods. In all these examples, stock prices were driven well-below our calculations of intrinsic value. We invested in each company with good outcomes. Later, we will offer instances when this strategy is not successful.”
2. Alphabet Inc. (NASDAQ: GOOG)
Market Cap: $1.744 trillion
Google’s parent company, Alphabet Inc. (NASDAQ: GOOG) has earned the number 2 spot in the list of the 15 most valuable IT companies in the world. Although its main subsidiary is Google, Alphabet Inc. (NASDAQ: GOOG) has other subsidiaries as well including Fitbit, Google Fiber, Waymo, Deepmind etc. In January 2020, the company became the fourth American company to reach a market valuation of $1 trillion.
The company’s Google division has shown consistent growth over the past few years and is booming within the cloud computing market due to its robust technologies. Shares of the global search engine have soared by 4.88% in the past month alone outpacing the IT sectors gain. Google’s latest partnership with AT&T has also increased competition for other tech giants like Microsoft and Amazon in the 5G race. As of July 15th, the company had a market cap of $1.744 trillion, making it one of the 15 most valuable IT companies in the world.
Like Microsoft Corporation (NASDAQ: MSFT), ServiceNow, Inc. (NYSE: NOW), SAP SE (NYSE: SAP), International Business Machines Corporation (NYSE: IBM), salesforce.com, inc. (NYSE: CRM), Accenture plc (NYSE: ACN), and Oracle Corporation (NYSE: ORCL), Alphabet Inc. (NASDAQ: GOOG) is one of the most valuable IT companies in the world.
1. Microsoft Corporation (NASDAQ: MSFT)
Market Cap: $2.116 trillion
Microsoft Corporation (NASDAQ: MSFT) is the largest cloud computing company in the world. Established in 1975 by Bill Gates and Paul Allen in a garage, the company is now considered one of the Big Five American tech companies along with Apple, Amazon, Facebook, and Google. Best known for Microsoft Windows operating systems, Microsoft Office suite, and Edge web browsers, Microsoft Corporation (NASDAQ: MSFT) has come a long way and now serves the global software market providing intelligent cloud apps, and advanced computing support powered by AI technology. Microsoft also owns LinkedIn, Skype, Mojang, Github, and aQuantive. The company reported a net income of $153 billion for FY 2020. The company has also entered into an agreement to acquire RiskIQ to expand its portfolio of cyber security services. With a market cap of $2.116 trillion, Microsoft Corporation (NASDAQ: MSFT) ranks first in the list of the most valuable IT companies in the world.
You can also take a peek at 10 Best Machine Learning Stocks to Invest In and 10 Best Psychedelic Stocks to Buy Now.
Follow Insider Monkey on Twitter
Suggested articles:
- 10 Best Safe Blue Chip Dividend Stocks
- 10 Best Entertainment Stocks to Invest In
- 10 Best 3D Printing and Additive Manufacturing Stocks to Buy
Disclosure: None. 15 Most Valuable IT Companies in the World is originally published on Insider Monkey.
