|
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$308
|
$3.65T |
9.2x |
20.7x |
|
Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$486
|
$3.57T |
11.8x |
19.8x |
|
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$227
|
$2.47T |
3.5x |
14.9x |
|
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$192
|
$656B |
10.5x |
19.2x |
|
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 145
|
$343B |
2.4x |
15.3x |
|
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$301
|
$333B |
5.0x |
18.1x |
|
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$78
|
$322B |
5.5x |
14.1x |
|
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$155
|
$158B |
12.0x |
33.7x |
|
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3282
|
$126B |
4.4x |
16.3x |
|
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$126
|
$105B |
1.0x |
8.8x |
|
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1639
|
$69.2B |
N/A |
N/A |
|
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$196
|
$68.0B |
31.9x |
142.8x |
|
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$83
|
$58.2B |
11.6x |
18.8x |
|
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1642
|
$46.3B |
3.4x |
15.9x |
|
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 119
|
$38.1B |
2.1x |
11.7x |
|
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 244750
|
$35.1B |
N/A |
N/A |
|
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$431
|
$32.8B |
13.7x |
73.7x |
|
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 264
|
$26.7B |
2.7x |
13.4x |
|
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$244
|
$23.8B |
14.4x |
19.3x |
|
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$141
|
$23.6B |
1.1x |
11.3x |
|
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 128
|
$22.6B |
1.9x |
9.6x |
|
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$89
|
$22.3B |
40.9x |
-259.3x |
|
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$112
|
$21.9B |
3.3x |
10.1x |
|
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$127
|
$20.1B |
4.1x |
12.8x |
|
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$89
|
$16.9B |
4.0x |
9.4x |
|
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$52
|
$13.6B |
5.1x |
21.2x |
|
GDS Holdings
|
Hong Kong |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
HKD 34
|
$11.5B |
7.2x |
15.6x |
|
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 13695
|
$10.9B |
6.2x |
18.8x |
|
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$30
|
$9.7B |
8.4x |
89.6x |
|
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$29
|
$9.5B |
3.8x |
8.1x |
|
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€27
|
$9.1B |
1.2x |
5.9x |
|
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$28
|
$8.4B |
36.1x |
179.4x |
|
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 12
|
$5.7B |
18.7x |
38.2x |
|
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$48
|
$5.7B |
6.4x |
15.6x |
|
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 38
|
$5.5B |
0.3x |
18.3x |
|
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$9
|
$5.5B |
4.0x |
13.1x |
|
IONOS Group
|
Germany |
Cloud Infrastructure
|
€26
|
$5.2B |
3.0x |
8.9x |
|
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$30
|
$4.9B |
4.2x |
13.8x |
|
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£30
|
$4.0B |
0.4x |
9.0x |
|
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 13
|
$3.7B |
3.5x |
18.9x |
|
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 6
|
$3.6B |
2.7x |
13.7x |
|
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$1
|
$3.4B |
1.3x |
12.7x |
|
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 5548
|
$3.3B |
1.2x |
8.7x |
|
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 31
|
$3.3B |
1.1x |
8.9x |
|
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€18
|
$3.2B |
1.5x |
9.7x |
|
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 10
|
$2.8B |
4.0x |
21.7x |
|
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 220
|
$2.1B |
N/A |
N/A |
|
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 9
|
$2.0B |
1.2x |
6.2x |
|
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 26
|
$1.6B |
7.6x |
84.6x |
|
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 13
|
$1.5B |
2.4x |
53.3x |
|
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 13
|
$1.5B |
8.5x |
35.9x |
|
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 24
|
$1.4B |
5.0x |
25.6x |
|
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$14
|
$1.4B |
4.1x |
-9.4x |
|
OVH
|
France |
Cloud Infrastructure
|
€7
|
$1.3B |
1.0x |
2.6x |
|
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 525
|
$1.1B |
1.9x |
N/A |
|
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 7
|
$1.0B |
0.8x |
10.2x |
|
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 200
|
$983M |
4.1x |
12.4x |
|
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$23
|
$933M |
2.7x |
5.0x |
|
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€27
|
$895M |
0.4x |
7.3x |
|
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 2916
|
$871M |
4.0x |
18.1x |
|
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 44
|
$861M |
N/A |
N/A |
|
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$3
|
$845M |
1.0x |
7.5x |
|
Wiit
|
Italy |
Cloud Infrastructure
|
€19
|
$833M |
4.2x |
10.7x |
|
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 17
|
$810M |
N/A |
N/A |
|
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$23
|
$741M |
2.0x |
N/A |
|
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 277
|
$701M |
N/A |
N/A |
|
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$3
|
$648M |
0.3x |
2.5x |
|
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2449
|
$567M |
5.0x |
12.4x |
|
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 2341
|
$459M |
4.4x |
20.1x |
|
E2E Networks
|
India |
Cloud Infrastructure
|
INR 2063
|
$426M |
23.5x |
39.9x |
|
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 58
|
$414M |
N/A |
N/A |
|
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 120100
|
$410M |
N/A |
N/A |
|
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$389M |
1.4x |
6.4x |
|
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$22
|
$379M |
63.4x |
-11.5x |
|
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 32800
|
$356M |
N/A |
N/A |
|
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 111
|
$329M |
0.6x |
7.0x |
|
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 30
|
$313M |
13.5x |
-34.1x |
|
Backblaze
|
United States of America |
Cloud Infrastructure
|
$5
|
$292M |
2.0x |
10.2x |
|
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 219
|
$290M |
N/A |
N/A |
|
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1633
|
$230M |
0.6x |
N/A |
|
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$8
|
$228M |
1.3x |
4.6x |
|
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$216M |
3.1x |
14.8x |
|
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 2
|
$209M |
2.8x |
10.2x |
|
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$208M |
4.1x |
10.7x |
|
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$7
|
$186M |
2.7x |
17.1x |
|
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 156
|
$183M |
N/A |
N/A |
|
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$176M |
0.9x |
4.5x |
|
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$167M |
N/A |
N/A |
|
DHH
|
Italy |
Cloud Infrastructure
|
€23
|
$148M |
3.0x |
9.2x |
|
Lucent
|
United States of America |
Cloud Infrastructure,
Energy Storage
|
$9
|
$140M |
N/A |
N/A |
|
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2034
|
$127M |
0.7x |
N/A |
|
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€8
|
$123M |
N/A |
N/A |
|
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$13
|
$117M |
1.6x |
N/A |
|
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2789
|
$109M |
4.9x |
N/A |
|
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€3
|
$104M |
1.2x |
5.9x |
|
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 21
|
$98.9M |
1.1x |
8.0x |
|
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 1
|
$93.8M |
N/A |
N/A |
|
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 121
|
$86.0M |
1.9x |
N/A |
|
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 62
|
$68.8M |
0.2x |
11.6x |
|
Techstep
|
Norway |
Communication & Collaboration Software,
Cloud Infrastructure
|
NOK 13
|
$63.3M |
N/A |
N/A |