|
Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$494
|
$3.63T |
12.1x |
20.6x |
|
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$285
|
$3.37T |
8.5x |
19.4x |
|
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$233
|
$2.53T |
3.6x |
15.4x |
|
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$220
|
$723B |
11.7x |
21.4x |
|
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 155
|
$354B |
2.5x |
14.9x |
|
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$290
|
$323B |
4.8x |
17.8x |
|
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$77
|
$317B |
5.5x |
13.9x |
|
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$836
|
$170B |
13.1x |
37.1x |
|
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3087
|
$121B |
4.1x |
15.4x |
|
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$123
|
$103B |
1.0x |
8.7x |
|
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$197
|
$68.3B |
32.7x |
148.0x |
|
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1486
|
$65.5B |
N/A |
N/A |
|
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$75
|
$54.2B |
11.3x |
18.2x |
|
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1595
|
$45.9B |
3.3x |
15.5x |
|
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 261975
|
$37.4B |
N/A |
N/A |
|
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 111
|
$34.9B |
1.9x |
10.4x |
|
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$338
|
$25.2B |
11.0x |
74.6x |
|
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 241
|
$24.5B |
2.4x |
12.1x |
|
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$250
|
$24.3B |
14.8x |
19.7x |
|
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$140
|
$23.5B |
1.1x |
11.2x |
|
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$91
|
$22.6B |
44.2x |
-274.2x |
|
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 121
|
$21.3B |
1.9x |
9.3x |
|
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$106
|
$20.7B |
3.1x |
9.7x |
|
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$125
|
$19.9B |
4.1x |
12.8x |
|
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$64
|
$16.8B |
6.3x |
26.2x |
|
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$88
|
$16.7B |
4.0x |
9.4x |
|
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 13630
|
$11.0B |
6.2x |
18.6x |
|
GDS Holdings
|
Hong Kong |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
HKD 29
|
$10.7B |
6.7x |
14.6x |
|
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$29
|
$9.7B |
3.9x |
8.4x |
|
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€24
|
$8.4B |
1.1x |
5.5x |
|
Informatica
|
United States of America |
Data Infrastructure,
Cloud Infrastructure
|
$25
|
$8.0B |
4.7x |
15.1x |
|
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$23
|
$7.0B |
6.2x |
67.5x |
|
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$23
|
$7.0B |
32.1x |
165.2x |
|
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 14
|
$6.3B |
21.3x |
43.1x |
|
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 44
|
$6.0B |
0.3x |
20.2x |
|
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$44
|
$5.4B |
6.1x |
14.8x |
|
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$9
|
$5.2B |
3.9x |
12.9x |
|
IONOS Group
|
Germany |
Cloud Infrastructure
|
€26
|
$5.1B |
2.8x |
8.8x |
|
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$30
|
$4.7B |
4.0x |
13.5x |
|
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 13
|
$3.9B |
3.7x |
19.1x |
|
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£29
|
$3.9B |
0.4x |
8.9x |
|
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 5792
|
$3.5B |
1.3x |
9.2x |
|
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 6
|
$3.5B |
2.7x |
18.6x |
|
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$1
|
$3.4B |
1.3x |
12.9x |
|
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€17
|
$3.0B |
1.3x |
9.0x |
|
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 11
|
$3.0B |
4.3x |
24.0x |
|
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 27
|
$3.0B |
1.0x |
8.2x |
|
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 8
|
$1.8B |
1.1x |
5.9x |
|
Fastly
|
United States of America |
Cloud Infrastructure
|
$10
|
$1.6B |
2.7x |
28.8x |
|
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 14
|
$1.5B |
9.5x |
38.9x |
|
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 26
|
$1.5B |
5.5x |
30.9x |
|
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 24
|
$1.5B |
6.9x |
77.3x |
|
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 156
|
$1.4B |
N/A |
N/A |
|
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 12
|
$1.4B |
2.3x |
50.5x |
|
OVH
|
France |
Cloud Infrastructure
|
€7
|
$1.4B |
1.1x |
2.8x |
|
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$14
|
$1.2B |
3.5x |
-8.4x |
|
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 8
|
$1.2B |
1.0x |
11.9x |
|
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 495
|
$1.0B |
1.8x |
N/A |
|
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 22
|
$1.0B |
N/A |
N/A |
|
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$22
|
$905M |
2.6x |
4.9x |
|
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 2978
|
$900M |
4.1x |
17.9x |
|
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 46
|
$894M |
N/A |
N/A |
|
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 172
|
$847M |
3.9x |
13.1x |
|
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$3
|
$824M |
1.0x |
7.3x |
|
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€25
|
$807M |
0.4x |
6.6x |
|
Wiit
|
Italy |
Cloud Infrastructure
|
€18
|
$782M |
4.0x |
10.3x |
|
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$21
|
$718M |
2.0x |
N/A |
|
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$3
|
$629M |
0.3x |
2.4x |
|
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 228
|
$581M |
N/A |
N/A |
|
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2223
|
$513M |
4.5x |
12.0x |
|
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 2570
|
$512M |
5.0x |
22.7x |
|
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 63
|
$446M |
N/A |
N/A |
|
E2E Networks
|
India |
Cloud Infrastructure
|
INR 2589
|
$438M |
14.8x |
23.1x |
|
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$382M |
1.4x |
6.6x |
|
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$22
|
$372M |
62.0x |
-11.0x |
|
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 26450
|
$307M |
N/A |
N/A |
|
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 83200
|
$296M |
N/A |
N/A |
|
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 220
|
$292M |
N/A |
N/A |
|
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 100
|
$289M |
0.6x |
6.3x |
|
Backblaze
|
United States of America |
Cloud Infrastructure
|
$5
|
$276M |
1.9x |
10.2x |
|
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 25
|
$261M |
11.5x |
-27.4x |
|
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$235M |
3.7x |
17.1x |
|
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1557
|
$228M |
0.6x |
N/A |
|
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 174
|
$208M |
N/A |
N/A |
|
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$196M |
4.0x |
10.4x |
|
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 2
|
$192M |
2.7x |
10.0x |
|
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$5
|
$191M |
1.1x |
3.8x |
|
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$174M |
0.9x |
4.3x |
|
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$6
|
$163M |
2.4x |
15.4x |
|
DHH
|
Italy |
Cloud Infrastructure
|
€22
|
$139M |
2.9x |
8.9x |
|
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$136M |
N/A |
N/A |
|
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2043
|
$130M |
0.7x |
N/A |
|
Lucent
|
United States of America |
Cloud Infrastructure,
Energy Storage
|
$8
|
$122M |
N/A |
N/A |
|
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2942
|
$117M |
5.2x |
N/A |
|
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€4
|
$117M |
1.3x |
5.4x |
|
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€7
|
$109M |
N/A |
N/A |
|
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$13
|
$106M |
1.5x |
N/A |
|
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 20
|
$94.3M |
1.1x |
7.8x |
|
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 130
|
$94.1M |
1.6x |
N/A |
|
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 1
|
$77.5M |
N/A |
N/A |