|
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$322
|
$3.82T |
9.6x |
21.8x |
|
Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$483
|
$3.55T |
11.8x |
19.9x |
|
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$230
|
$2.49T |
3.5x |
15.1x |
|
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$218
|
$715B |
11.4x |
21.0x |
|
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 155
|
$367B |
2.5x |
16.2x |
|
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$308
|
$340B |
5.1x |
18.6x |
|
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$78
|
$320B |
5.5x |
14.0x |
|
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$854
|
$174B |
13.3x |
37.5x |
|
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3238
|
$125B |
4.3x |
16.1x |
|
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$139
|
$115B |
1.1x |
9.6x |
|
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1616
|
$70.4B |
N/A |
N/A |
|
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$201
|
$69.8B |
33.0x |
148.7x |
|
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$88
|
$60.9B |
12.4x |
20.0x |
|
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1683
|
$47.8B |
3.5x |
16.4x |
|
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 122
|
$39.1B |
2.1x |
11.9x |
|
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 239975
|
$34.4B |
N/A |
N/A |
|
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$410
|
$31.1B |
13.1x |
70.8x |
|
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 260
|
$26.4B |
2.6x |
13.2x |
|
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$98
|
$24.5B |
46.3x |
-265.4x |
|
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$146
|
$24.3B |
1.1x |
11.6x |
|
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$250
|
$24.3B |
14.7x |
19.7x |
|
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$117
|
$23.0B |
3.4x |
10.6x |
|
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 128
|
$22.7B |
2.0x |
9.7x |
|
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$128
|
$20.3B |
4.1x |
13.0x |
|
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$83
|
$16.1B |
3.9x |
9.0x |
|
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$47
|
$12.2B |
4.6x |
19.2x |
|
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 13165
|
$10.5B |
6.0x |
18.1x |
|
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$29
|
$9.7B |
3.8x |
8.3x |
|
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$31
|
$9.3B |
41.2x |
207.2x |
|
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€25
|
$8.7B |
1.2x |
5.7x |
|
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$23
|
$7.2B |
6.3x |
65.8x |
|
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 14
|
$6.5B |
21.5x |
43.8x |
|
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$48
|
$5.8B |
6.5x |
15.8x |
|
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 39
|
$5.6B |
0.3x |
18.7x |
|
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$9
|
$5.5B |
4.1x |
13.4x |
|
IONOS Group
|
Germany |
Cloud Infrastructure
|
€27
|
$5.2B |
3.0x |
9.0x |
|
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$32
|
$5.1B |
4.4x |
14.5x |
|
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£30
|
$4.1B |
0.4x |
9.2x |
|
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 6
|
$3.9B |
2.9x |
15.5x |
|
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 13
|
$3.7B |
3.5x |
18.3x |
|
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$1
|
$3.4B |
1.3x |
12.8x |
|
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 5519
|
$3.3B |
1.2x |
8.7x |
|
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€18
|
$3.2B |
1.4x |
9.6x |
|
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 29
|
$3.2B |
1.1x |
8.6x |
|
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 10
|
$2.8B |
4.1x |
22.6x |
|
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 9
|
$2.0B |
1.3x |
6.3x |
|
Fastly
|
United States of America |
Cloud Infrastructure
|
$11
|
$1.6B |
2.7x |
28.0x |
|
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 170
|
$1.6B |
N/A |
N/A |
|
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 13
|
$1.5B |
9.1x |
37.8x |
|
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 24
|
$1.5B |
7.0x |
78.2x |
|
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 25
|
$1.4B |
5.1x |
26.3x |
|
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$15
|
$1.4B |
4.1x |
-9.8x |
|
OVH
|
France |
Cloud Infrastructure
|
€7
|
$1.4B |
1.1x |
2.7x |
|
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 11
|
$1.3B |
2.1x |
47.2x |
|
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 7
|
$1.1B |
0.9x |
11.0x |
|
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 503
|
$1.0B |
1.8x |
N/A |
|
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$22
|
$920M |
2.6x |
4.9x |
|
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 3055
|
$909M |
4.1x |
18.6x |
|
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€28
|
$904M |
0.5x |
7.5x |
|
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 46
|
$902M |
N/A |
N/A |
|
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 19
|
$899M |
N/A |
N/A |
|
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 180
|
$888M |
4.0x |
12.9x |
|
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$3
|
$844M |
1.0x |
7.5x |
|
Wiit
|
Italy |
Cloud Infrastructure
|
€19
|
$829M |
4.2x |
10.7x |
|
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$21
|
$711M |
2.0x |
N/A |
|
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 265
|
$671M |
N/A |
N/A |
|
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$3
|
$648M |
0.3x |
2.4x |
|
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2348
|
$541M |
4.8x |
12.7x |
|
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 2543
|
$501M |
4.8x |
22.1x |
|
E2E Networks
|
India |
Cloud Infrastructure
|
INR 2124
|
$442M |
24.3x |
41.1x |
|
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 61
|
$433M |
N/A |
N/A |
|
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$402M |
1.4x |
6.5x |
|
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 110300
|
$378M |
N/A |
N/A |
|
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 34
|
$354M |
15.4x |
-37.9x |
|
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$20
|
$348M |
58.1x |
-10.5x |
|
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 31800
|
$346M |
N/A |
N/A |
|
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 108
|
$316M |
0.6x |
6.8x |
|
Backblaze
|
United States of America |
Cloud Infrastructure
|
$5
|
$302M |
2.1x |
10.8x |
|
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 225
|
$299M |
N/A |
N/A |
|
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$9
|
$238M |
1.4x |
4.8x |
|
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1566
|
$226M |
0.6x |
N/A |
|
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$210M |
3.2x |
14.9x |
|
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$205M |
4.1x |
10.6x |
|
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 2
|
$196M |
2.7x |
9.8x |
|
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$7
|
$177M |
2.6x |
16.5x |
|
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$175M |
0.8x |
4.3x |
|
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 143
|
$170M |
N/A |
N/A |
|
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$136M |
N/A |
N/A |
|
Lucent
|
United States of America |
Cloud Infrastructure,
Energy Storage
|
$8
|
$132M |
N/A |
N/A |
|
DHH
|
Italy |
Cloud Infrastructure
|
€21
|
$131M |
2.7x |
8.3x |
|
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2069
|
$130M |
0.7x |
N/A |
|
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2850
|
$112M |
5.0x |
N/A |
|
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$13
|
$110M |
1.6x |
N/A |
|
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€4
|
$108M |
1.2x |
6.1x |
|
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€7
|
$104M |
N/A |
N/A |
|
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 21
|
$97.6M |
1.1x |
8.0x |
|
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 128
|
$91.7M |
2.0x |
N/A |
|
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 1
|
$88.4M |
N/A |
N/A |
|
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 65
|
$74.0M |
0.2x |
12.6x |