Microsoft
|
United States of America |
Productivity Software,
AI Conglomerates,
Cloud Infrastructure,
Gaming - Console & PC,
Search Engines
|
$521
|
$3.84T |
13.0x |
22.3x |
Alphabet
|
United States of America |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
$252
|
$2.99T |
7.7x |
17.4x |
Amazon
|
United States of America |
Consumer E-commerce,
AI Conglomerates,
Cloud Infrastructure,
Consumer Marketplaces,
Horizontal Marketplaces,
Streaming
|
$218
|
$2.37T |
3.4x |
14.6x |
Oracle
|
United States of America |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers,
AI Conglomerates
|
$273
|
$872B |
14.2x |
26.1x |
Alibaba Group
|
Hong Kong |
Consumer E-commerce,
B2B E-commerce,
Horizontal E-commerce,
Vertical E-commerce,
Consumer Marketplaces,
Cloud Infrastructure
|
HKD 162
|
$361B |
2.5x |
14.7x |
IBM
|
United States of America |
IT Consulting,
Cloud Infrastructure,
Network Management,
Cybersecurity,
Electronic Equipment,
AI Conglomerates
|
$288
|
$320B |
4.9x |
18.2x |
Cisco
|
United States of America |
Networking Hardware,
Electronic Equipment,
Cloud Infrastructure
|
$71
|
$291B |
5.1x |
13.0x |
ServiceNow
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
BI & Analytics Software,
Vertical AI Applications
|
$936
|
$190B |
14.9x |
43.0x |
Dell
|
United States of America |
Consumer Electronics,
Data Storage,
Electronic Equipment,
Cloud Infrastructure,
AI Chips & Hardware
|
$150
|
$121B |
1.2x |
10.4x |
Tata Consultancy Services
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 3007
|
$119B |
4.0x |
15.0x |
CoreWeave
|
United States of America |
Cloud Infrastructure,
AI Chips & Hardware
|
$122
|
$73.6B |
15.8x |
24.7x |
Cloudflare
|
United States of America |
Cybersecurity,
Cloud Infrastructure
|
$211
|
$72.9B |
35.9x |
168.7x |
Infosys
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 1472
|
$65.0B |
N/A |
N/A |
HCLTech
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services,
Business Consulting
|
INR 1486
|
$42.8B |
3.1x |
14.4x |
DCI Indonesia
|
Indonesia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
IDR 279650
|
$40.2B |
N/A |
N/A |
Baidu
|
Hong Kong |
Search Engines,
AdTech Software,
Streaming,
Cloud Infrastructure,
AI Conglomerates,
Productivity Software
|
HKD 115
|
$36.3B |
2.0x |
10.5x |
CDW
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$156
|
$25.8B |
1.2x |
12.3x |
VeriSign
|
United States of America |
IT Operations Management,
Cloud Infrastructure,
Network Management
|
$252
|
$24.7B |
15.1x |
20.0x |
Wipro
|
India |
IT Consulting,
Cloud Infrastructure,
BPO Services
|
INR 241
|
$24.5B |
2.4x |
12.0x |
Nebius Group
|
United States of America |
Cloud Infrastructure,
IT Consulting
|
$99
|
$24.3B |
50.2x |
-270.5x |
MongoDB
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps,
Developer Tools,
Pure-Play AI Software
|
$325
|
$24.1B |
10.7x |
72.2x |
NetApp
|
United States of America |
Data Storage,
Data Centers,
Cloud Infrastructure
|
$117
|
$22.7B |
3.4x |
10.7x |
CGI
|
Canada |
IT Consulting,
Cloud Infrastructure
|
CAD 122
|
$21.7B |
1.9x |
9.4x |
GoDaddy
|
United States of America |
Cloud Infrastructure,
E-commerce Software
|
$132
|
$21.1B |
4.4x |
13.8x |
Nutanix
|
United States of America |
Cloud Infrastructure,
Data Infrastructure
|
$69
|
$18.0B |
6.8x |
28.4x |
Akamai Technologies
|
United States of America |
Cloud Infrastructure
|
$75
|
$15.0B |
3.6x |
8.6x |
Oracle Corp Japan
|
Japan |
ERP Software,
Data Infrastructure,
Cloud Infrastructure,
Data Centers
|
JPY 14775
|
$12.2B |
6.8x |
20.4x |
GDS Holdings
|
Hong Kong |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
HKD 33
|
$11.6B |
7.3x |
15.9x |
Dropbox
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$29
|
$10.0B |
4.0x |
8.9x |
United Internet
|
Germany |
Internet Service Providers,
Telecom Service Providers,
Cloud Infrastructure
|
€29
|
$9.6B |
1.3x |
6.2x |
Applied Digital
|
United States of America |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
$31
|
$9.2B |
44.5x |
236.4x |
Informatica
|
United States of America |
Data Infrastructure,
Cloud Infrastructure
|
$25
|
$8.1B |
4.8x |
14.4x |
Nextdc
|
Australia |
IT Consulting,
Data Centers,
Cloud Infrastructure
|
AUD 16
|
$7.4B |
25.4x |
51.3x |
Confluent
|
United States of America |
Data Infrastructure,
Cloud Infrastructure,
DevOps
|
$23
|
$7.0B |
6.2x |
78.0x |
IONOS Group
|
Germany |
Cloud Infrastructure
|
€34
|
$6.4B |
3.3x |
10.9x |
Digital China
|
China |
IT Consulting,
Cloud Infrastructure
|
CNY 39
|
$5.3B |
0.3x |
17.9x |
VNET Group
|
United States of America |
Data Centers,
Cloud Infrastructure
|
$9
|
$5.3B |
4.1x |
13.4x |
Box
|
United States of America |
Cloud Infrastructure,
Data Storage,
Productivity Software,
Communication & Collaboration Software
|
$33
|
$5.2B |
4.6x |
15.2x |
DigitalOcean
|
United States of America |
Cloud Infrastructure,
Developer Tools
|
$39
|
$4.9B |
5.7x |
14.1x |
Sinnet Technology
|
China |
Cloud Infrastructure,
Internet Service Providers,
Data Centers
|
CNY 13
|
$3.8B |
3.6x |
18.9x |
Kingsoft Cloud
|
Hong Kong |
Cloud Infrastructure,
Data Storage
|
HKD 7
|
$3.7B |
2.9x |
21.6x |
Biprogy
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 6091
|
$3.7B |
1.4x |
9.5x |
Computacenter
|
United Kingdom of Great Britain and Northern Ireland |
IT Consulting,
Cloud Infrastructure
|
£27
|
$3.6B |
0.4x |
8.2x |
Sinch
|
Sweden |
Communication & Collaboration Software,
Cloud Infrastructure
|
SEK 34
|
$3.6B |
1.2x |
9.6x |
Rackspace
|
United States of America |
Cloud Infrastructure,
Pure-Play AI Software
|
$1
|
$3.5B |
1.3x |
13.5x |
TietoEVRY
|
Finland |
IT Consulting,
Cloud Infrastructure,
FinTech Infrastructure,
Financial Services Software,
Healthcare Software
|
€16
|
$3.2B |
1.3x |
8.9x |
Wangsu
|
China |
Cloud Infrastructure,
Data Centers
|
CNY 11
|
$3.1B |
4.4x |
26.5x |
OVH
|
France |
Cloud Infrastructure
|
€9
|
$3.0B |
2.3x |
5.9x |
SoftwareOne
|
Switzerland |
Cloud Infrastructure,
IT Consulting
|
CHF 8
|
$1.8B |
1.2x |
5.8x |
C3.ai
|
United States of America |
Pure-Play AI Software,
Cloud Infrastructure,
Developer Tools
|
$18
|
$1.7B |
5.0x |
-12.9x |
Ucap Cloud Information
|
China |
Cloud Infrastructure
|
CNY 180
|
$1.7B |
N/A |
N/A |
Megaport
|
Australia |
Network Management,
Cloud Infrastructure
|
AUD 15
|
$1.6B |
10.1x |
42.2x |
UCloud Technology
|
China |
Cloud Infrastructure
|
CNY 24
|
$1.5B |
7.1x |
78.5x |
Montnets
|
China |
Communication & Collaboration Software,
Cloud Infrastructure
|
CNY 12
|
$1.4B |
2.3x |
51.6x |
Richinfo Technology
|
China |
Cloud Infrastructure,
Network Management
|
CNY 25
|
$1.4B |
5.1x |
28.3x |
Fastly
|
United States of America |
Cloud Infrastructure
|
$8
|
$1.3B |
2.2x |
30.4x |
Inspur Digital Enterprise
|
Hong Kong |
Cloud Infrastructure
|
HKD 8
|
$1.2B |
1.0x |
12.2x |
Ribbon Communications
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$4
|
$1.1B |
1.2x |
8.3x |
Systena
|
Japan |
IT Consulting,
Cloud Infrastructure
|
JPY 500
|
$1.0B |
1.8x |
N/A |
CANCOM
|
Germany |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
€25
|
$1.0B |
0.5x |
8.4x |
Consensus Cloud
|
United States of America |
Communication & Collaboration Software,
Cloud Infrastructure
|
$27
|
$1.0B |
3.0x |
5.6x |
Cyber Folks
|
Poland |
IT Consulting,
Cloud Infrastructure
|
PLN 193
|
$918M |
4.2x |
13.7x |
SAKURA Internet
|
Japan |
Cloud Infrastructure
|
JPY 3435
|
$894M |
4.0x |
16.6x |
Wiit
|
Italy |
Cloud Infrastructure
|
€20
|
$857M |
4.3x |
11.3x |
Beijing Topnew Info
|
China |
Cloud Infrastructure,
IT Consulting,
Data Centers
|
CNY 42
|
$825M |
N/A |
N/A |
Unisys
|
United States of America |
IT Consulting,
Cloud Infrastructure
|
$4
|
$702M |
0.3x |
2.5x |
Tucows
|
United States of America |
Internet Service Providers,
Cloud Infrastructure,
Network Management
|
$19
|
$677M |
1.9x |
N/A |
Inspur
|
China |
Cloud Infrastructure,
ERP Software,
IT Consulting
|
CNY 16
|
$647M |
N/A |
N/A |
Baudroie
|
Japan |
IT Consulting,
Cloud Infrastructure,
Cybersecurity
|
JPY 3165
|
$644M |
6.3x |
28.9x |
Plus Alpha Consulting
|
Japan |
BI & Analytics Software,
Cloud Infrastructure,
IT Consulting
|
JPY 2430
|
$613M |
5.4x |
14.2x |
E2E Networks
|
India |
Cloud Infrastructure
|
INR 3199
|
$580M |
20.4x |
31.9x |
Backblaze
|
United States of America |
Cloud Infrastructure
|
$10
|
$556M |
3.9x |
23.0x |
Odine
|
Turkey |
Cloud Infrastructure,
IT Consulting
|
TRY 200
|
$496M |
N/A |
N/A |
Beijing QingCloud Tech Gr
|
China |
Cloud Infrastructure
|
CNY 61
|
$431M |
N/A |
N/A |
Locaweb
|
Brazil |
Cloud Infrastructure,
E-commerce Software
|
BRL 4
|
$363M |
1.3x |
6.4x |
Anterix
|
United States of America |
Telecom Infrastructure,
Cloud Infrastructure
|
$19
|
$329M |
56.1x |
-9.2x |
Kinx
|
South Korea |
Data Centers,
Telecom Service Providers,
Cable Service Providers,
Cloud Infrastructure,
Telecom Infrastructure
|
KRW 89900
|
$325M |
N/A |
N/A |
GABIA
|
South Korea |
Cloud Infrastructure
|
KRW 26000
|
$309M |
N/A |
N/A |
Napatech
|
Norway |
Networking Hardware,
Cloud Infrastructure
|
NOK 29
|
$305M |
12.8x |
-28.5x |
Edarat Group
|
Saudi Arabia |
IT Consulting,
Cloud Infrastructure,
Data Centers
|
SAR 217
|
$288M |
N/A |
N/A |
Proact IT Group
|
Sweden |
Cloud Infrastructure,
IT Consulting
|
SEK 94
|
$270M |
0.5x |
5.7x |
Bharat Global Developers
|
India |
IT Consulting,
Cloud Infrastructure
|
INR 213
|
$255M |
N/A |
N/A |
DUG Tech
|
Australia |
Cloud Infrastructure
|
AUD 3
|
$245M |
3.5x |
12.9x |
FreeBit Co
|
Japan |
Internet Service Providers,
Cloud Infrastructure
|
JPY 1623
|
$241M |
0.6x |
N/A |
Synchronoss
|
United States of America |
Cloud Infrastructure,
Data Storage
|
$5
|
$231M |
1.3x |
4.4x |
Beeks Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure,
Financial Services Software,
FinTech Infrastructure
|
£3
|
$228M |
4.6x |
12.0x |
Netcall
|
United Kingdom of Great Britain and Northern Ireland |
Communication & Collaboration Software,
Cloud Infrastructure
|
£1
|
$219M |
3.3x |
15.7x |
Qiniu Cloud
|
Hong Kong |
Cloud Infrastructure
|
HKD 1
|
$190M |
N/A |
N/A |
Crexendo
|
United States of America |
Telecom Service Providers,
IT Consulting,
Network Management,
Cloud Infrastructure
|
$6
|
$170M |
2.6x |
18.4x |
Iomart Group
|
United Kingdom of Great Britain and Northern Ireland |
Cloud Infrastructure
|
£0
|
$167M |
0.8x |
4.0x |
TerraSky
|
Japan |
Cloud Infrastructure
|
JPY 2166
|
$142M |
0.8x |
N/A |
DHH
|
Italy |
Cloud Infrastructure
|
€22
|
$138M |
2.9x |
8.9x |
Gigas Hosting
|
Spain |
Cloud Infrastructure
|
€5
|
$123M |
1.3x |
5.6x |
Radcom
|
United States of America |
Cloud Infrastructure,
Networking Hardware,
Network Management
|
$14
|
$121M |
1.8x |
N/A |
GrandTech Cloud Services
|
Taiwan |
Cloud Infrastructure
|
TWD 135
|
$114M |
2.0x |
N/A |
Lucent
|
United States of America |
Cloud Infrastructure,
Energy Storage
|
$7
|
$113M |
N/A |
N/A |
Performance Technologies
|
Greece |
IT Consulting,
Cloud Infrastructure
|
€7
|
$107M |
N/A |
N/A |
InfraCom Group
|
Sweden |
Cloud Infrastructure,
Communication & Collaboration Software
|
SEK 22
|
$99.8M |
1.1x |
8.0x |
JIG-SAW
|
Japan |
Cloud Infrastructure,
Semiconductors
|
JPY 2310
|
$92.9M |
4.0x |
N/A |
eCloudvalley Digital Tech
|
Taiwan |
Cloud Infrastructure
|
TWD 72
|
$90.9M |
0.2x |
20.0x |