|
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$333
|
$3.95T |
9.9x |
22.3x |
|
Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$411
|
$3.02T |
9.9x |
16.7x |
|
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$239
|
$2.59T |
3.6x |
15.6x |
|
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$155
|
$549B |
8.7x |
16.0x |
|
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 159
|
$377B |
2.6x |
17.0x |
|
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$81
|
$333B |
5.7x |
14.5x |
|
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$294
|
$325B |
4.8x |
17.7x |
|
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 2999
|
$114B |
4.0x |
14.8x |
|
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$110
|
$111B |
8.4x |
23.5x |
|
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$117
|
$99.3B |
0.9x |
8.2x |
|
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1536
|
$65.8B |
N/A |
N/A |
|
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$90
|
$63.8B |
12.5x |
20.3x |
|
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$170
|
$59.1B |
27.6x |
123.2x |
|
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1622
|
$45.2B |
3.3x |
15.7x |
|
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 137
|
$44.4B |
2.4x |
13.7x |
|
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 219275
|
$31.1B |
N/A |
N/A |
|
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$338
|
$25.2B |
10.5x |
56.2x |
|
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$241
|
$23.5B |
14.2x |
19.0x |
|
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$138
|
$23.1B |
1.0x |
11.1x |
|
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 233
|
$22.6B |
2.3x |
11.5x |
|
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$82
|
$20.5B |
36.9x |
-227.9x |
|
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$101
|
$19.6B |
2.9x |
9.0x |
|
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 109
|
$19.5B |
1.7x |
8.3x |
|
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$92
|
$17.3B |
4.1x |
9.6x |
|
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$94
|
$15.7B |
3.2x |
10.0x |
|
GDS Holdings
|
Hong Kong |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
HKD 43
|
$13.7B |
8.5x |
18.6x |
|
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$37
|
$11.0B |
46.3x |
228.1x |
|
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$30
|
$9.9B |
8.5x |
90.0x |
|
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€28
|
$9.6B |
1.3x |
6.0x |
|
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$37
|
$9.4B |
3.5x |
14.7x |
|
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$25
|
$8.6B |
3.4x |
7.4x |
|
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 9631
|
$7.5B |
4.3x |
12.9x |
|
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$57
|
$6.6B |
7.4x |
18.0x |
|
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 13
|
$6.3B |
19.9x |
40.8x |
|
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$10
|
$5.9B |
4.2x |
14.0x |
|
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 37
|
$5.4B |
0.3x |
N/A |
|
IONOS Group
|
Germany |
Cloud Infrastructure
|
€27
|
$5.3B |
3.0x |
9.0x |
|
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 17
|
$5.2B |
7.4x |
40.0x |
|
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£33
|
$4.5B |
0.4x |
10.0x |
|
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 15
|
$4.4B |
4.1x |
22.2x |
|
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 7
|
$4.1B |
3.1x |
15.1x |
|
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$24
|
$4.0B |
3.4x |
11.3x |
|
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$0
|
$3.3B |
1.2x |
12.2x |
|
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€18
|
$3.1B |
1.4x |
9.6x |
|
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 4669
|
$2.8B |
1.0x |
7.4x |
|
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 25
|
$2.8B |
0.9x |
7.0x |
|
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 35
|
$2.2B |
N/A |
N/A |
|
OVH
|
France |
Cloud Infrastructure
|
€9
|
$1.8B |
1.4x |
3.5x |
|
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 30
|
$1.8B |
N/A |
N/A |
|
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 174
|
$1.6B |
15.8x |
N/A |
|
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 7
|
$1.6B |
0.9x |
4.7x |
|
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 12
|
$1.4B |
N/A |
N/A |
|
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 11
|
$1.3B |
7.2x |
30.3x |
|
Fastly
|
United States of America |
Cloud Infrastructure
|
$8
|
$1.3B |
2.1x |
21.6x |
|
Wiit
|
Italy |
Cloud Infrastructure
|
€25
|
$1.0B |
5.0x |
12.7x |
|
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 202
|
$1.0B |
4.1x |
12.6x |
|
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 50
|
$990M |
N/A |
N/A |
|
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 465
|
$932M |
1.6x |
N/A |
|
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$23
|
$931M |
2.7x |
5.0x |
|
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€27
|
$894M |
0.4x |
7.3x |
|
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 345
|
$864M |
N/A |
N/A |
|
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$11
|
$843M |
2.6x |
-5.7x |
|
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 2740
|
$823M |
3.7x |
17.2x |
|
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 17
|
$813M |
N/A |
N/A |
|
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$3
|
$809M |
0.9x |
7.2x |
|
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$21
|
$716M |
N/A |
N/A |
|
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 4
|
$655M |
0.5x |
6.4x |
|
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$3
|
$630M |
0.3x |
2.4x |
|
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 72
|
$519M |
N/A |
N/A |
|
E2E Networks
|
India |
Cloud Infrastructure
|
INR 2452
|
$506M |
28.3x |
47.9x |
|
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$27
|
$474M |
79.2x |
-14.5x |
|
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 135000
|
$468M |
4.2x |
14.3x |
|
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 350
|
$467M |
N/A |
N/A |
|
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2037
|
$460M |
4.0x |
10.1x |
|
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 5
|
$457M |
1.6x |
7.3x |
|
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 33300
|
$367M |
N/A |
N/A |
|
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 1753
|
$342M |
3.2x |
14.8x |
|
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 31
|
$341M |
14.1x |
-36.2x |
|
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 100
|
$307M |
0.6x |
6.3x |
|
Backblaze
|
United States of America |
Cloud Infrastructure
|
$4
|
$256M |
1.8x |
8.8x |
|
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$255M |
3.5x |
17.1x |
|
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$9
|
$240M |
1.4x |
4.8x |
|
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1622
|
$229M |
0.6x |
N/A |
|
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$221M |
4.3x |
11.1x |
|
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 2
|
$184M |
2.4x |
8.7x |
|
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$181M |
0.9x |
4.6x |
|
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$6
|
$166M |
2.4x |
15.1x |
|
DHH
|
Italy |
Cloud Infrastructure
|
€23
|
$160M |
3.2x |
9.9x |
|
Lucent
|
United States of America |
Cloud Infrastructure,
Energy Storage
|
$9
|
$142M |
N/A |
N/A |
|
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 111
|
$132M |
N/A |
N/A |
|
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€8
|
$128M |
1.2x |
N/A |
|
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 27
|
$125M |
1.4x |
9.7x |
|
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 2
|
$115M |
N/A |
N/A |
|
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€4
|
$115M |
1.3x |
6.5x |
|
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 1886
|
$115M |
0.7x |
N/A |
|
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$112M |
0.5x |
-13.3x |
|
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2556
|
$97.2M |
N/A |
N/A |
|
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$12
|
$89.7M |
1.3x |
N/A |
|
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 119
|
$83.2M |
N/A |
N/A |
|
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 61
|
$65.9M |
N/A |
N/A |