Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$509
|
$3.75T |
12.9x |
22.2x |
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$251
|
$2.98T |
7.8x |
17.6x |
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$234
|
$2.54T |
3.7x |
15.9x |
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$307
|
$966B |
16.0x |
29.4x |
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 162
|
$372B |
2.6x |
14.4x |
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$258
|
$292B |
4.5x |
16.8x |
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$67
|
$277B |
4.8x |
12.4x |
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$932
|
$190B |
15.1x |
43.8x |
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3146
|
$125B |
4.3x |
16.1x |
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$128
|
$106B |
1.0x |
9.2x |
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$219
|
$75.9B |
38.2x |
181.1x |
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$119
|
$71.4B |
16.6x |
25.9x |
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1511
|
$67.6B |
N/A |
N/A |
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 304750
|
$44.2B |
N/A |
N/A |
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1483
|
$43.0B |
3.1x |
14.6x |
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 131
|
$41.7B |
2.3x |
11.5x |
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$287
|
$28.0B |
17.3x |
22.9x |
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$166
|
$27.1B |
1.2x |
12.9x |
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 254
|
$25.9B |
2.5x |
12.7x |
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$327
|
$24.3B |
10.9x |
73.3x |
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$123
|
$24.0B |
3.6x |
11.4x |
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 129
|
$23.0B |
2.0x |
10.0x |
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$144
|
$22.8B |
4.7x |
15.1x |
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$89
|
$21.8B |
49.8x |
-200.8x |
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$78
|
$20.3B |
7.9x |
32.6x |
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$76
|
$15.3B |
3.7x |
8.8x |
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 16210
|
$13.6B |
7.5x |
22.4x |
GDS Holdings
|
Hong Kong |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
HKD 37
|
$12.3B |
7.9x |
17.2x |
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$32
|
$10.8B |
4.3x |
9.7x |
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€27
|
$9.4B |
1.2x |
6.1x |
Informatica
|
United States of America |
Data Infrastructure,
Cloud Infrastructure
|
$25
|
$8.1B |
4.8x |
14.5x |
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 18
|
$8.1B |
27.9x |
55.9x |
IONOS Group
|
Germany |
Cloud Infrastructure
|
€40
|
$7.4B |
3.7x |
12.6x |
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$20
|
$5.9B |
5.4x |
72.0x |
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$19
|
$5.9B |
33.0x |
162.7x |
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 44
|
$5.8B |
0.3x |
19.7x |
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$10
|
$5.4B |
4.2x |
14.0x |
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$33
|
$5.1B |
4.5x |
14.9x |
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 9
|
$4.8B |
3.8x |
31.0x |
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$36
|
$4.7B |
5.5x |
13.5x |
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 15
|
$4.3B |
4.1x |
21.5x |
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 6380
|
$4.0B |
1.4x |
10.1x |
OVH
|
France |
Cloud Infrastructure
|
€12
|
$3.6B |
2.8x |
7.1x |
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$1
|
$3.5B |
1.3x |
13.5x |
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 11
|
$3.3B |
4.6x |
28.2x |
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 30
|
$3.2B |
1.1x |
8.9x |
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£24
|
$3.2B |
0.3x |
7.3x |
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€16
|
$3.1B |
1.3x |
8.9x |
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 8
|
$1.8B |
1.2x |
5.9x |
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$17
|
$1.7B |
4.7x |
-13.8x |
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 179
|
$1.6B |
N/A |
N/A |
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 25
|
$1.6B |
7.5x |
83.2x |
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 14
|
$1.6B |
2.5x |
56.7x |
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 14
|
$1.5B |
9.9x |
39.4x |
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 27
|
$1.5B |
5.7x |
30.6x |
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 10
|
$1.4B |
1.2x |
15.5x |
Fastly
|
United States of America |
Cloud Infrastructure
|
$8
|
$1.3B |
2.3x |
33.1x |
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 520
|
$1.1B |
1.9x |
N/A |
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$28
|
$1.1B |
3.1x |
5.8x |
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$4
|
$1.0B |
1.2x |
8.1x |
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€23
|
$978M |
0.5x |
7.7x |
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 49
|
$963M |
N/A |
N/A |
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 185
|
$892M |
4.1x |
13.4x |
Wiit
|
Italy |
Cloud Infrastructure
|
€19
|
$838M |
4.2x |
11.1x |
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 2808
|
$745M |
3.3x |
13.2x |
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$4
|
$718M |
0.4x |
2.5x |
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$19
|
$676M |
1.9x |
N/A |
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2447
|
$654M |
5.7x |
15.1x |
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 15
|
$633M |
N/A |
N/A |
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 2908
|
$597M |
6.0x |
27.3x |
Backblaze
|
United States of America |
Cloud Infrastructure
|
$10
|
$550M |
3.9x |
24.1x |
E2E Networks
|
India |
Cloud Infrastructure
|
INR 3017
|
$538M |
20.1x |
31.8x |
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 70
|
$488M |
N/A |
N/A |
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$406M |
1.5x |
7.3x |
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 153
|
$379M |
N/A |
N/A |
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$21
|
$360M |
61.3x |
-9.7x |
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 29650
|
$351M |
N/A |
N/A |
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 91900
|
$340M |
N/A |
N/A |
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$336M |
N/A |
N/A |
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 210
|
$279M |
N/A |
N/A |
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 230
|
$274M |
N/A |
N/A |
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 93
|
$269M |
0.5x |
5.6x |
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1694
|
$258M |
0.7x |
N/A |
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 24
|
$249M |
10.8x |
-22.7x |
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$6
|
$242M |
1.4x |
4.7x |
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 3
|
$240M |
3.5x |
13.5x |
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$237M |
3.6x |
17.4x |
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$7
|
$182M |
2.8x |
20.1x |
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$172M |
3.4x |
8.9x |
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$169M |
0.8x |
4.0x |
DHH
|
Italy |
Cloud Infrastructure
|
€25
|
$158M |
3.2x |
10.2x |
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2119
|
$143M |
0.8x |
N/A |
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€5
|
$142M |
1.6x |
6.7x |
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$15
|
$137M |
2.0x |
N/A |
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 138
|
$117M |
2.1x |
N/A |
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 24
|
$109M |
1.2x |
8.8x |
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2445
|
$101M |
4.3x |
N/A |
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 76
|
$100.0M |
0.2x |
21.2x |
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€6
|
$91.5M |
N/A |
N/A |
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 1
|
$89.5M |
N/A |
N/A |