|
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$310
|
$3.67T |
9.2x |
20.9x |
|
Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$479
|
$3.52T |
11.6x |
19.6x |
|
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$226
|
$2.46T |
3.5x |
14.9x |
|
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$199
|
$676B |
10.8x |
19.8x |
|
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 154
|
$365B |
2.5x |
16.1x |
|
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$309
|
$341B |
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
|
$865
|
$176B |
13.4x |
37.8x |
|
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3221
|
$125B |
4.3x |
16.0x |
|
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$130
|
$108B |
1.0x |
9.0x |
|
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$208
|
$72.3B |
34.1x |
153.3x |
|
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1598
|
$67.9B |
N/A |
N/A |
|
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$79
|
$56.0B |
11.3x |
18.3x |
|
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1673
|
$47.5B |
3.4x |
16.2x |
|
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 126
|
$40.6B |
2.2x |
12.3x |
|
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 244800
|
$35.0B |
N/A |
N/A |
|
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$419
|
$31.8B |
13.4x |
72.2x |
|
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 261
|
$26.5B |
2.6x |
13.2x |
|
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$150
|
$24.8B |
1.1x |
11.9x |
|
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$244
|
$23.8B |
14.4x |
19.3x |
|
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$116
|
$22.6B |
3.4x |
10.5x |
|
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 124
|
$22.2B |
1.9x |
9.5x |
|
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$88
|
$21.9B |
40.9x |
-242.9x |
|
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$126
|
$20.0B |
4.1x |
12.8x |
|
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$86
|
$16.5B |
3.9x |
9.2x |
|
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 35
|
$11.8B |
7.3x |
16.0x |
|
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 13500
|
$10.8B |
6.1x |
18.5x |
|
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$30
|
$9.7B |
8.5x |
91.1x |
|
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$28
|
$9.4B |
3.7x |
8.1x |
|
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$31
|
$9.2B |
40.3x |
201.9x |
|
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€25
|
$8.8B |
1.2x |
5.7x |
|
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 14
|
$6.4B |
21.0x |
42.8x |
|
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$48
|
$5.7B |
6.4x |
15.6x |
|
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$9
|
$5.6B |
4.1x |
13.5x |
|
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 39
|
$5.5B |
0.3x |
18.6x |
|
IONOS Group
|
Germany |
Cloud Infrastructure
|
€26
|
$5.1B |
2.9x |
8.8x |
|
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$30
|
$4.8B |
4.1x |
13.7x |
|
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£30
|
$4.1B |
0.4x |
9.2x |
|
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 13
|
$3.9B |
3.7x |
20.0x |
|
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 6
|
$3.8B |
2.9x |
15.1x |
|
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 5446
|
$3.3B |
1.2x |
8.5x |
|
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 31
|
$3.3B |
1.1x |
8.8x |
|
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€18
|
$3.2B |
1.4x |
9.6x |
|
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 10
|
$2.8B |
4.0x |
22.0x |
|
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 9
|
$2.0B |
1.2x |
6.2x |
|
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 206
|
$1.9B |
N/A |
N/A |
|
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 13
|
$1.5B |
9.0x |
37.8x |
|
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 24
|
$1.5B |
7.2x |
79.7x |
|
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$15
|
$1.5B |
4.4x |
-10.4x |
|
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 13
|
$1.5B |
2.3x |
52.3x |
|
OVH
|
France |
Cloud Infrastructure
|
€7
|
$1.4B |
1.1x |
2.7x |
|
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 24
|
$1.4B |
5.0x |
25.7x |
|
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 538
|
$1.1B |
1.9x |
N/A |
|
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 7
|
$1.1B |
0.9x |
10.5x |
|
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 197
|
$961M |
4.1x |
12.4x |
|
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$24
|
$949M |
2.7x |
5.1x |
|
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 46
|
$901M |
N/A |
N/A |
|
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 3020
|
$900M |
4.1x |
18.5x |
|
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€27
|
$882M |
0.4x |
7.3x |
|
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$3
|
$860M |
1.0x |
7.7x |
|
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 18
|
$844M |
N/A |
N/A |
|
Wiit
|
Italy |
Cloud Infrastructure
|
€20
|
$833M |
4.3x |
10.8x |
|
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 283
|
$720M |
N/A |
N/A |
|
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
|
$656M |
0.3x |
2.5x |
|
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2280
|
$523M |
4.6x |
N/A |
|
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 2285
|
$449M |
4.3x |
19.7x |
|
E2E Networks
|
India |
Cloud Infrastructure
|
INR 2105
|
$438M |
24.0x |
40.7x |
|
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 60
|
$429M |
N/A |
N/A |
|
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 119900
|
$409M |
N/A |
N/A |
|
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$399M |
1.4x |
6.7x |
|
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$23
|
$396M |
66.2x |
-12.0x |
|
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 31500
|
$344M |
N/A |
N/A |
|
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 32
|
$335M |
14.6x |
-36.1x |
|
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 109
|
$320M |
0.6x |
6.9x |
|
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 225
|
$298M |
N/A |
N/A |
|
Backblaze
|
United States of America |
Cloud Infrastructure
|
$5
|
$291M |
2.0x |
10.3x |
|
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$9
|
$229M |
1.3x |
4.6x |
|
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1575
|
$228M |
0.6x |
N/A |
|
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£2
|
$218M |
4.3x |
11.3x |
|
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$217M |
3.1x |
15.0x |
|
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 2
|
$204M |
2.8x |
10.2x |
|
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$7
|
$185M |
2.7x |
17.1x |
|
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 135
|
$161M |
N/A |
N/A |
|
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$138M |
N/A |
N/A |
|
Lucent
|
United States of America |
Cloud Infrastructure,
Energy Storage
|
$9
|
$137M |
N/A |
N/A |
|
DHH
|
Italy |
Cloud Infrastructure
|
€21
|
$132M |
2.7x |
8.4x |
|
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2036
|
$127M |
0.7x |
N/A |
|
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$14
|
$122M |
1.7x |
N/A |
|
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€8
|
$114M |
N/A |
N/A |
|
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2811
|
$110M |
4.9x |
N/A |
|
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€3
|
$105M |
1.2x |
6.0x |
|
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 21
|
$96.8M |
1.1x |
7.9x |
|
NameSilo
|
Canada |
Cloud Infrastructure
|
CAD 1
|
$86.5M |
N/A |
N/A |
|
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 120
|
$84.9M |
1.9x |
N/A |
|
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 62
|
$69.4M |
0.2x |
11.7x |
|
Techstep
|
Norway |
Communication & Collaboration Software,
Cloud Infrastructure
|
NOK 12
|
$60.2M |
N/A |
N/A |