5 Most Valuable IT Companies in the World

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.”