Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$520
|
$3.83T |
13.4x |
23.1x |
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$231
|
$2.50T |
3.7x |
15.9x |
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$204
|
$2.41T |
6.4x |
14.5x |
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$248
|
$790B |
13.3x |
24.6x |
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$240
|
$276B |
4.2x |
16.0x |
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$66
|
$274B |
4.8x |
12.3x |
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 118
|
$262B |
1.9x |
9.3x |
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$867
|
$176B |
14.3x |
41.4x |
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3022
|
$121B |
4.1x |
15.5x |
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$138
|
$115B |
1.1x |
9.9x |
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$201
|
$69.5B |
35.7x |
170.8x |
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1448
|
$65.2B |
N/A |
N/A |
CoreWeave
|
United States of America |
Cloud Infrastructure,
Artificial Intelligence
|
$100
|
$62.3B |
15.6x |
24.1x |
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 359900
|
$52.8B |
N/A |
N/A |
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1490
|
$43.5B |
3.2x |
14.7x |
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$164
|
$26.8B |
1.2x |
12.7x |
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$270
|
$26.4B |
16.3x |
21.6x |
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 247
|
$25.3B |
2.5x |
12.3x |
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 87
|
$25.0B |
1.4x |
6.4x |
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 130
|
$23.3B |
2.0x |
10.1x |
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$146
|
$23.0B |
4.8x |
15.4x |
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$109
|
$21.4B |
3.2x |
10.2x |
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$69
|
$18.0B |
7.1x |
30.0x |
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$72
|
$16.6B |
41.5x |
-130.0x |
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$218
|
$15.4B |
7.1x |
51.1x |
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$74
|
$15.0B |
3.7x |
8.7x |
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 15880
|
$13.3B |
7.4x |
22.0x |
GDS Holdings
|
Hong Kong |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
HKD 32
|
$11.4B |
7.5x |
16.1x |
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$28
|
$9.6B |
3.8x |
8.7x |
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€25
|
$8.9B |
1.2x |
5.8x |
Informatica
|
United States of America |
Data Infrastructure,
Cloud Infrastructure
|
$25
|
$8.1B |
4.8x |
14.4x |
IONOS Group
|
Germany |
Cloud Infrastructure
|
€39
|
$7.2B |
3.7x |
12.6x |
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 14
|
$6.3B |
22.1x |
44.7x |
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$18
|
$5.3B |
4.9x |
67.9x |
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 42
|
$5.1B |
0.3x |
17.6x |
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$32
|
$5.0B |
4.4x |
14.8x |
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$8
|
$4.8B |
3.9x |
13.1x |
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$14
|
$4.5B |
26.3x |
139.9x |
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$31
|
$4.2B |
4.9x |
12.2x |
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 15
|
$4.2B |
4.0x |
21.4x |
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 7
|
$4.1B |
3.4x |
30.0x |
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 6379
|
$4.0B |
1.4x |
10.2x |
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 12
|
$3.5B |
5.0x |
30.6x |
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$1
|
$3.5B |
1.3x |
13.6x |
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 30
|
$3.2B |
1.1x |
8.9x |
OVH
|
France |
Cloud Infrastructure
|
€10
|
$3.2B |
2.5x |
6.4x |
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€15
|
$3.0B |
1.2x |
7.9x |
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£24
|
$2.9B |
0.3x |
6.5x |
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 15
|
$1.7B |
2.8x |
62.7x |
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$18
|
$1.7B |
4.2x |
-20.7x |
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 28
|
$1.6B |
6.9x |
30.5x |
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 26
|
$1.6B |
6.8x |
33.7x |
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 15
|
$1.5B |
10.5x |
39.8x |
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 10
|
$1.4B |
1.1x |
15.1x |
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 6
|
$1.3B |
1.0x |
4.3x |
Fastly
|
United States of America |
Cloud Infrastructure
|
$7
|
$1.1B |
1.9x |
29.5x |
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 495
|
$1.1B |
1.8x |
N/A |
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$4
|
$1.0B |
1.2x |
8.3x |
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$26
|
$1.0B |
2.9x |
5.5x |
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€23
|
$955M |
0.5x |
7.4x |
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 48
|
$920M |
N/A |
N/A |
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 169
|
$807M |
3.7x |
12.5x |
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 3010
|
$799M |
3.6x |
14.0x |
Wiit
|
Italy |
Cloud Infrastructure
|
€18
|
$796M |
4.1x |
10.8x |
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$4
|
$714M |
0.4x |
2.5x |
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$19
|
$680M |
1.9x |
N/A |
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 3290
|
$675M |
7.0x |
31.8x |
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 16
|
$628M |
N/A |
N/A |
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2458
|
$614M |
5.3x |
15.0x |
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 66
|
$567M |
N/A |
N/A |
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 76
|
$526M |
N/A |
N/A |
Backblaze
|
United States of America |
Cloud Infrastructure
|
$8
|
$445M |
3.2x |
20.6x |
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$22
|
$382M |
64.7x |
-10.2x |
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$380M |
1.4x |
6.9x |
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 145
|
$359M |
N/A |
N/A |
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 2
|
$350M |
N/A |
N/A |
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 82800
|
$300M |
N/A |
N/A |
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 211
|
$281M |
N/A |
N/A |
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 22750
|
$277M |
N/A |
N/A |
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 24
|
$262M |
11.5x |
-25.1x |
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 91
|
$260M |
0.5x |
5.4x |
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1673
|
$254M |
0.7x |
N/A |
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$6
|
$247M |
1.4x |
4.7x |
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$240M |
3.7x |
18.0x |
E2E Networks
|
India |
Cloud Infrastructure
|
INR 2064
|
$194M |
N/A |
N/A |
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$192M |
3.8x |
10.1x |
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$170M |
0.8x |
4.0x |
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$6
|
$167M |
2.6x |
18.8x |
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2269
|
$156M |
0.9x |
N/A |
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€5
|
$144M |
1.6x |
6.8x |
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 1
|
$137M |
2.1x |
8.5x |
DHH
|
Italy |
Cloud Infrastructure
|
€20
|
$127M |
2.7x |
8.2x |
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 28
|
$121M |
1.3x |
9.3x |
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 134
|
$117M |
2.1x |
N/A |
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$13
|
$110M |
1.6x |
N/A |
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 78
|
$108M |
0.2x |
21.4x |
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2587
|
$107M |
4.6x |
N/A |
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 83
|
$106M |
N/A |
N/A |
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€6
|
$92.1M |
N/A |
N/A |
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 1
|
$85.1M |
N/A |
N/A |