Largest IT company in The World

 

             Biggest Company in the World

 Largest Tech Companies globally are driving innovation around the world. With the growing focus on automation and technology, there has been a consistent boom as far as the IT sector is concerned. As per industry reports, worldwide Large IT companies are spending or Investing There Money around $4.5 trillion worldwide. Things like IoT, cloud computing, privacy, online security, etc are the IT services being served to clients by the best software companies in the world.

The list of IT companies includes Microsoft, IBM, Oracle followed by Accenture, HPE, SAP & other big IT brands. The majority of IT services happen in the US and Asia, which contribute to one-third of the overall global business worldwide. The growth of the information technology industry in the world is pegged at 4.5-5% as per industry experts. The top companies are leading innovation in consulting, outsourcing, technology, and services in the world. Here is the list of the top 10 IT companies in the world 2019.

1st Place:  Microsoft

2nd Place: IBM

3rd Place: Oracle

4th Place: Accenture

5th Place: HPE

6th Place: SAP

7th Place: TCS

8th Place: Capgemini

9th Place:  Cognizant

10th Place:  Infosys

10. Infosys

Infosys is an Indian MNC that provides IT solutions to its clients through business process consulting, software development and business process outsourcing services.

Infosys had around 200000 employees by the end of March 2017 & its headquarter is located in Bengaluru, Karnataka, India. The company is also known for its high gender diversity as it has around 36% of women workforce all across the world.

Infosys is the second-largest Indian IT company by 2017 revenues and is ranked under the top 10 IT companies of the world in terms of revenue. In June 2017, its market capitalization was around $34 billion. During the financial year 2017, Infosys had a 4% hiring rate and received around 1,290,000 applications from prospective employees who were interested in building their career with Infosys. Its workforce consists of employees from more than 100 different nations.

Out of its total workforce, more than 75% are software professionals, 15-20% are working in its Business process mapping arm and remaining are engaged for technical support and sales projects.  It was India’s first IT company which was able to cross annual revenue of US$100 million in the year 2000, US$1 billion in 2004 and US$10.21 billion in 2017. Quarter 3 of the 2017 financial year, Infosys was able to achieve a high growth rate with net profit increased to 38.3%. Hence Infosys is on 10th Rank in Top 10 IT companies in the world. 

Revenue: US $10.21 Billion

Profit: 21.9% of its revenue

9. Cognizant

Cognizant is one of the leading IT services companies which is helping clients' to transform their existing business, operating and technology models with the rapidly changing digital technology.

Image: flickr.com/photos/cognizant-worldwide/

Cognizant is consistently able to maintain its ranking among the most admired and fastest-growing companies in the world. The cognizant unique industry-based consulting approach actually helping a client to build more innovative and efficient businesses. It has its headquarter located in U.S. Cognizant is also a member of the Nasdaq and it is ranked 205 on the Fortune 500 ranking. The revenue of Cognizant is consistently growing and it has increased from $7.7 Billion to $13.5 billion currently. It has an employee strength of around 260,000 workforces by 2016. Cognizant is investing aggressively in digital services to enhance value for stakeholders or shareholders through the high return of capital. Cognizant is helping banks revolutionize lending by assessing risk using predictive analytics by analyzing a customer’s financial history. Using advanced analytics tools, they

analyze rich borrower data which helps banks to better predict a customer’s creditworthiness and take various informed decisions to lend money to those who have lower credit risk. It also helps qualified individuals and businesses to get the desired financing. Cognizant is on 9th Rank in Top IT companies in the world 2018.

Revenue: $ 14.81 Billion

Profit: 10.2% of its Revenue

8. Cap Gemini

Cap gemini is one of the leading IT companies in the world having a strong global presence.

Image: flickr.com/photos/claudiolobos/

The French company Cap gemini, based out of Paris, has its global operations spread across more than 40 countries. The brand is a leader in IT services providing consulting, professional services, outsourcing, etc, which is driven by more than 190000+ employees globally. Over the last few years, Capgemini is consolidated its position as a leading IT company by acquiring several other players in the industry. To name a few, the company has acquired iGate, Fahrenheit 212, LiquidHub-US, etc in the last couple to years. All these acquisitions have helped the company have more business in IT, technology and strategy domains. Green IT is another business initiative of Capgemini which has put the company in the elite company of the top IT companies in the world. The company was formed in 1967 by Serge Kampf and has since then become one of the pioneers in the industry. In India, the company has over 100000 employees. With a consistent performance year after year, the company has also been recognized by several awards from the likes of Gartner, Forrester, Backbase, etc. Capgemini is on 8th Rank in Top IT companies in the world of 2018.

Revenue: $ 15.73 Billion

Profit: 6.4% of its Revenue

7. Tata Consultancy Services :

Tata Consultancy Services has been ranked as no. 1 Indian Multinational IT firm which generates its revenue from various domains.

Tata Consultancy Services has many functional domains like consulting, software development, infrastructure support, and business process outsourcing and its headquarter is located in Mumbai, India. It comes under the world's top 10 largest IT services provider by revenue. As of 2017, it has also been ranked 10th in the Fortune India 500 list. It has various clients of different sectors like Banking and Financials, Consumer Goods and Distribution, Communication, Media & Technology, Energy- Resources and Utilities, Insurance, manufacturing, Life Sciences & Healthcare, Retail, Public services, etc. It has surpassed the Reliance industries by achieving Rs. 6.19 trillion market capitalization and has become the most valued firm in India. TCS is expanding its technology portfolio and is working on the latest technologies like Artificial Intelligence, Machine learning, Internet of things, Cloud Computing and Cyber Security. TCS is on 7th Rank in Top IT companies in the world of 2018.

Revenue: $17.57 Billion

Profit: 22.3 % of its revenue

6. Amazon

Amazon Company is an American multinational technology company based in Seattle that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the largest companies in the world. The company initially started as an online marketplace for books but later expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewelry. In 2015, Amazon surpassed Walmart as the most valuable retailer in the United States by market capitalization
Amazon distributes downloads and streaming of video, music, and audiobooks through its Amazon Prime Video, Amazon Music, and Audible subsidiaries. Amazon also has a publishing arm, Amazon Publishing, a film and television studio, Amazon Studios, and a cloud computing subsidiary, Amazon Web Services. It produces consumer electronics including Kindle e-readers, Fire tablets, Fire TV, and Echo devices. In addition, Amazon subsidiaries include Ring, Twitch, Whole Foods Market, and IMDb. Among various controversies, the company has been criticized for technological surveillance overreach

5. Google:

Google is Founded in 1998 This statistic displays Google's annual revenue from 2002 to 2018. In the most recently reported fiscal year, Google's revenue amounted to 136.22 billion US dollars. Google's revenue is largely made up of advertising revenue, which amounted to 116 billion US dollars in 2018. As of May 2018, Google ranks first among worldwide internet companies, with a market capitalization of 510 billion U.S. dollars.
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google have its own Search engine known as google search

4.  Accenture

Accenture has been listed in fortune global 500 companies and is one of the largest IT companies.

accenture  is a global management consulting firm that provides professional services like strategy, consulting, technology and operations services. Accenture started as the business and tech consulting firm of an accounting firm which was named Arthur Andersen. In the year 1989, it separated and Andersen consulting adopted its current name Accenture which means the accent of the future. The company has a headcount of more than 400,000 employees worldwide. Accenture has various business units and all business units have a unique contribution to Accenture’s overall revenue generation. Accenture consulting provides mobility services and digital marketing analytics. Accenture technology focusses on research and development, technology solution implementation, technology labs for emerging technologies. Accenture strategy provides technology strategy services, business strategy, and operation strategy services.

Investments by Accenture in the future-

Digital: Accenture has been recognized as the largest provider of digital marketing services.

Cloud: Accenture is helping various companies to migrate to the cloud to realize the benefit of increased agility at lower speeds.

Security: For various clients, they are providing enhanced capabilities for advanced security and increased productivity. In 2017 their investment has almost been double in acquisition to become more relevant and grow continuously through inorganic and strategic acquisition. Accenture is on 4th Rank in Top IT companies in the world 2018.

Revenue: $34.90 Billion

Profit: 13.3% of its revenue

3. Oracle

Oracle corporation headquarter is located in Redwood Shores California and it is one of the renowned American MNC.

Oracle has the second-highest revenue in the software industry after Microsoft with an employee base of around 1,35,000. The company is widely known for its ERP solutions, database development and management, supply chain management software and Customer relationship management software. Oracle has a wide customer base having more than 400,000 customers across the globe and has its presence across a wide variety of industries in more than 150 countries. Oracle is known for its user-friendly applications and always tries to eliminate the complexities from the applications they build like applications ranging from data center operations to cloud applications which can be a roadblock for business innovation, speed, flexibility, manageability, reliability, security, and engineering.

It enables its customers by providing smart solutions that add value to their business as well as their users and customers. Oracle has more than 16,000 patents worldwide. The company is focussing majorly on building intelligent cloud applications, integrated cloud platform, open-source platform for developers, ERP solutions and analytical tools which use machine learning algorithms to generate results. Oracle is also developing its capabilities in AI, machine learning, IoT, blockchain, human interface technologies all of which aimed to enhance customer capabilities so that they can develop their own innovative products and services. Oracle investment is huge in Research and development activities and it was $6.5 billion in the year 2017. Oracle is on 3rd Rank in Top IT companies in the world 2018.

Revenue: $37.73 Billion

Profit: 24.8% of its revenue

2. IBM

International Business Machine (IBM) is an American MNC and is operational in more than 150 countries.

The company was established originally as a computing recording company but was later renamed as IBM (International Business Machines) in 1924. IBM headquarter is present in Armonk, New York, and it has a diverse portfolio of software products and services which they are further expanding to cater to the current growing needs of existing and new users. Major areas from where it earns its revenue are cloud computing, cognitive computing, data analytics and Internet of things, IT infrastructure and security. IBM’s revenue is growing at a double-digit rate. During 2017 they successfully strengthened their position as a leading enterprise for providing cloud services and blockchain leaders for the business.

IBM believes in high R&D investment due to which the company holds the record for most patents generated by a business. IBM has the highest workforce and the company is known for its employee-friendly schemes like the company was among the first corporations to provide group life insurance. IBM is one of the world’s largest employers with nearly around 380,000 employees. Looking ahead, IBM is positioning uniquely to help clients and users to use AI and data analytics to build smarter businesses. Over the past years, IBM invested aggressively in technology and its people but senior leadership also considering IBM to a position in key high-value segments of the IT industry like AI, blockchain, cloud computing, and information security. IBM is on 2nd Rank in Top IT companies in the world of 2018.

Revenue: $ 79.14 billion

Profit: 45.8% of its Revenue

1. Microsoft Corporation

Microsoft Corporation is headquartered in Redmond, Washington, and is one of the largest companies in the world.

Image: pixabay

The products like Microsoft Windows, Microsoft Office, and Internet Explorer, etc is being used by almost every professional in the world. Microsoft was founded by Bill Gates and Paul Allen on 4, April 1975, and it has expanded its market share by diversifying its services from the operating system market to other various software products. It also took advantage of inorganic growth i.e. improve its revenue by acquiring no. of companies. Lastly, Microsoft has acquired Linkedin which is considered to be the largest acquisition for 26.2 billion dollars in 2016 and also it has acquired skype technologies for 8.5 billion dollars in the year 2011. There is a new paradigm shift in technology with the rapidly evolving environment and Microsoft is trying to lead this new era as a front runner. Looking forward Microsoft is focussing on new innovative technologies like Machine Learning, AI and cloud computing to drive new growth that can help them build their own digital capability and provide robust solutions for various users.

There is a huge surge in the growth rate of the gaming industry and Microsoft is investing huge amounts in the $100 billion gaming industry. They have around half a million live member networks of XBOX users. They want Microsoft to be the company of gamers to play the games they want, on the device they want and with the people they want. Microsoft Corporation strategically prioritizing its investments to capture the expanding market opportunities. They are expanding their existing datacentres and they are bringing Azure to various regions globally more than any other cloud services provider and with the best compliance coverage in the IT industry. Microsoft is on 1st Rank in Top IT companies in the world 2018.

Revenue: $53 billion

Profit: 31% of its revenue

Ranking Methodology for Top IT Companies Based On:

1. The top 15 IT companies in the world are considered

2. Parameters like revenues and profit margins are taken

3. Based on the revenues, the final ranking is created.

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