5 Most Innovative Companies in the World

In this article, we discuss 5 of the most innovative companies in the world. If you want to see more of the most innovative companies in the world, go directly to 15 Most Innovative Companies in the World.

5. Microsoft Corporation (NASDAQ:MSFT)

Given it reported $198 billion in revenue for fiscal 2022, Microsoft Corporation (NASDAQ:MSFT) ranks among the biggest spenders in terms of R&D. For fiscal 2022, Microsoft Corporation (NASDAQ:MSFT) spent $24.5 billion on research and development, up 18% year over year, and more than the entire market capitalizations of multiple S&P 500 companies. Given its budget, Microsoft Corporation (NASDAQ:MSFT) has a lot of employees doing research. As of June 30, 2022, 73,000 of Microsoft Corporation (NASDAQ:MSFT)’s 221,000 employees were in product research and development, which is also more than the total number of employees at multiple S&P 500 companies.