5 Most Valuable IT Companies in the World

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.”