5 Largest IT Services Companies in the World

In this article, we are going to list the 5 largest IT services companies in the world. For detailed coverage of this topic and a more comprehensive coverage please take a look at the 15 largest IT services companies in the world.

5. Oracle (NYSE: ORCL)

Revenue: $39.8 billion

Market Cap: $189.6 billion

Assets: $96.7 billion

Employees: 136,000

Headquarters: Redwood, California

Oracle is one of the biggest tech companies globally and the company is most famous for its ERP systems and services. Enterprise Resource Planning is a software used by organizations to manage daily business activities such as accounting, project management, procurement, risk management, and supply chain operations. Oracle offers other IT consulting services such as cloud support, AI, IoT, blockchain, and human interface technologies.

4. Accenture (NYSE: ACN)

Revenue: $44.7 billion

Market Cap: $ 163.34 billion

Assets: $33.5 billion

Employees: 492,000

Headquarters: Dublin, Ireland

Accenture was established as a technical division of the accountancy firm Arthur Andersen, but in 1989, it became an independent company. In case you don’t know, Accenture is the abbreviation of “the accent of the future”. Accenture, a global consultancy company with 492,000 employees in more than 120 countries, presents a variety of strategic, consulting, digital, technology, and business services and solutions.

In an article, Aoris Investment Management highlighted why you should consider adding Accenture to your portfolio:  

“Accenture is the world’s largest IT consulting and outsourcing company. It has $6 billion of cash on its balance sheet and negligible debt. It has unusually stable management, with an average tenure of the top 5000 executives of 15 years. Accenture has an outstanding record over the last decade of consistently taking market share, drawing on its enormous benefits of size and scale and leadership.

Over the next 6–18 months, some of Accenture’s consulting engagements will likely be deferred. On the other hand, many of Accenture’s large private and public sector clients will emerge from this period with new problems to be solved, such as the IT infrastructure to better enable safe and productive working from home in the future. We expect Accenture to take market share at an accelerating rate and have additional opportunities for sensible bolt-on acquisitions that add discrete capabilities.”

3. Cisco Systems Inc (NASDAQ: CSCO)

Revenue: $51.6 billion

Market Cap: $187.95 billion

Assets: $90.4 billion

Employees: 75,900

Headquarters: San Jose, California

Cisco Systems is one of the biggest IT services companies in the world in terms of revenue, earning more than $50 billion annually. We all know Cisco as the tech giant to go to for switches, routers, and other networking equipment. Since 2015, the company has gone deeper into innovative software-related fields. Today, it focuses more on the Internet of Everything, cybersecurity, cloud computing, data centers, software, and analysis.

2. IBM (NYSE: IBM)

Revenue: 77.1 billion

Market Cap: $110.79 billion

Assets: $110.79 billion

Employees: 383,000

Headquarters: Armonk, New York

International Business Machines secured the seventh spot in our list of the biggest tech companies in the world in 2020 with a revenue of over $77 billion. Also called the Big Blue, IBM’s most popular services include cloud and cognitive computing, IT infrastructure, digital security, IoT, data analytics, blockchain, and AI. IBM also develops and markets computer hardware and software and offers infrastructure, hosting, and consulting services in a variety of fields, from mainframe computers to nanotechnology. And it is no surprise, given that around 97% of banks and around 80% of retailers worldwide use their services. Today, IBM has had more than 180 acquisitions and merges including Nordcloud, TruQua, Instana, and Red Hat. 

1. Dell Technologies (NYSE: DELL)

Revenue: $91.1 billion

Market Cap: $54.78 billion

Assets: $118.9 billion

Employees: 165,000

Headquarters: Round Rock, Texas

Topping our list of the 5 largest IT services company in the world is Dell Technologies. Dell tops the ranking with annual revenue of $91 billion with more than 10 million clients worldwide. Moreover, just so you know, around 99% of Fortune 500 companies are customers or partners of this digital giant as Dell Technologies is also ranked 5th biggest tech company in the world. Over time, the company focused more on software solutions such as cloud storage, virtual reality, IT infrastructure, data centers, and cybersecurity.