April 29, 2020

Top Ten Most Profitable IT Companies In the World - 2020

Top Ten Most Profitable IT Companies In the World - 2020

We have recently told you about the most valuable tech companies of today. Now we want to talk about a specific part of the digital business world, namely IT and Software companies – since they are the ones that set the rules of the corporate world.

Today, software providers help companies of any size and from any industry to grow and evolve constantly.

So, for today's ranking, we have gathered the largest Information Technology, and Software companies form all around the world. All of them have the highest revenue as of April 28, 2020.

Here are the top 10 most profitable IT companies of today…

#1

Dell Technologies

$91.6 bln.
Dell Technologies

Industry: Computer software, cloud computing.
Market cap: $30.25 bln.
Employees: 157,000 people.

Today, Dell is the world's most profitable IT company. It tops the ranking with annual revenue of $90.6 bln and more than 10 million clients worldwide. Interestingly, about 99% of the Fortune 500 companies are customers or partners of this digital giant.

The Dell company was established in 1984 by Michael Dell, who at that time was a 19-year old student. Back then, the idea was to produce completely сustomizable PCs to meet all the users' individual needs.

Over time, Dell became one of the best and well-known PC and hardware manufacturers. But lately, with its major subsidiaries – EMC, Pivotal, RSA, Secureworks, Virtustream, and VMware – the company focused more on software products, like cloud storage, virtual reality, IT infrastructure, data centers, and cybersecurity.

In 2015 Dell acquired EMC for $67 billion, which is one of the biggest deals in the IT world ever.

The company operates in more than 180 countries worldwide. It is based in Round Rock, Texas, US.

#2

IBM

$77.14 bln.
IBM Company

Industry: Cloud computing, AI, computer software.
Market cap: $112.16 bln.
Employees: 352,600 people.

IBM has the second-highest revenue in the software industry grossing more than $77 bln. And it is not a surprise, considering that about 97% of banks and about 80% of retailers globally use its services.

International Business Machines (IBM) or the Big Blue, as it is sometimes called, was founded in 1911 by Charles Flint.

During such a long history, IBM has given this world a lot of useful things, such as floppy disks, hard drives, magnetic strip cards, relational databases, UPC bar codes, and many more. Besides, the company's mainframe enabled the first ATM.

Today, among IBM's most popular services are cloud and cognitive computing, IT infrastructure, digital security, IoT, data analytics, blockchain, and AI.

The company has had more than 130 acquisitions and merges through its history. The most highly-valued one was the $34 billion Red Hat deal.

IBM has offices in more than 170 countries worldwide. The headquarters are in Armonk, New York, US.

#3

Cisco Systems

$51.9 bln.
Cisco Systems

Industry: Networking software
Market cap: $180.19 bln.
Employees: 75,900 people.

Cisco Systems is the third-wealthiest information technology company in terms of revenue, earning more than $50 bln annually. It was usually well-known for its switchers, routers, and other networking equipment.

But since 2015, the company went deeper into the innovative software-related fields. Today, it focuses more on the Internet of Everything, cybersecurity (Cisco's fastest-growing business unit), cloud computing, data centers, software & analysis.

The company was founded in 1984 by Leonard Bosack and Sandy Lerner. It all started with a multi-protocol router that connected different networks. The invention was basically a copy of the blue box router, created in Standford in the 70s.

Interestingly, in 2000 Cisco was the world's most valuable company thanks to the dot-com bubble. The market cap of the company reached a record amount at that time of $500 billion.

The company has offices in about 160 countries. It had more than 170 acquisitions since 1993. The headquarters are in San Jose, CA, US.

#4

Accenture

$43.2 bln.
Accenture

Industry: Strategy, consulting, technology, and operations.
Market cap: $118.04 bln.
Employees: 505,000 people.

Accenture was created as a tech division of the accounting firm Arthur Andersen, but in 1989 it separated into an independent company.

Today, it is one of the biggest digital marketing companies, providing the clients with the process, strategy and business consulting; IT and engineering solutions, operations services; advanced security and increased productivity solutions, as well as cloud transition offerings.

And Accenture doesn't plan to stop on this. The next priority and ambitious area for the company is quantum computing.

Today, it serves customers in more than 120 countries. Accenture's client base even includes such giants as Microsoft, Oracle, and SAP.

And, if you didn't know, Accenture is the abbreviation of "the accent of the future".

The company is headquartered in Dublin, Ireland.

#5

Oracle

$39.5 bln.
Oracle

Industry: Enterprise software, cloud computing.
Market cap: $167.77 bln.
Employees: 136,000 people.

Oracle is famous for its ERP systems, user-friendly applications, and smart solutions, which have already attracted more than 400K customers in 175 countries.

The company was founded by Lawrence Ellison, Robert Miner, and Edward Oates in 1977. Since then, it developed marketing database applications and technologies, cloud engineered and database management systems, enterprise applications, etc.

Today, Oracle goes deeper into intelligent cloud applications, integrated cloud platforms, analytical tools with machine learning, AI, IoT, blockchain, human interface technologies, and so on.

Oracle is headquartered in Redwood Shores, CA, US.

#6

Fujitsu

$38.52 bln.
Fujitsu Ltd

Industry: Computer software, IT services and consulting, telecommunications.
Market cap: $20.3 bln.
Employees: 140,365 people.

Fujitsu is the biggest IT service provider in Japan and one of the leading software companies globally.

It was founded in 1935 as a manufacturing subsidiary of Fuji Electric Limited. But since then, the company has made its way to the IT and software sectors.

It is particularly evident when analyzing the history of Fujitsu acquisitions and purchases. The company sells more of its manufacturing departments and merges more with companies that provide software or cloud solutions.

Today, Fujitsu provides popular services, such as personal and enterprise computing, storage products, system integration, and infrastructure solutions. Besides, it has a division, which offers IT consulting, implementation, and management services.

The company operates in more than 70 countries and serves clients from more than 100 countries worldwide. It also can boast many interesting partnerships with tech giants like Microsoft and Siemens.

It is headquartered in Tokyo, Japan.

#7

Tech Data

$36.78 bln.
Tech Data

Industry: Technology, computer software, IT consulting.
Market cap: $4.93 bln.
Employees: 14,000 people.

Tech Data is not a usual software developer, but more of a vendor tightly connected with the IT world.

The company was founded in 1974 by Edward Raymund and provided processing supplies for computers to large Florida institutions, like hospitals or government agencies. In 1993 the company transformed into the full-line distributor of PC products.

For the first time, Tech Data added software to its product line in 1992, when 40 software companies appeared on their client list. Among first, it began selling Microsoft system and application software.

Nowadays, it is one of the richest and most trusted IT companies with the client base of more than 22K IT resellers, including Google, Cisco, Dell, HPE, HPI, LG, Samsung, LG, Lenovo, IBM, and many others.

Tech Data is headquartered in Clearwater, Florida, US.

#8

HP Enterprise

$30.85 bln.
HP Enterprise

Industry: Computer software, cloud computing, IoT, AI, data storage and services, computer networking, blockchain.
Market cap: $12.63 bln.
Employees: 61,600 people.

HP Enterprise was founded in 2015 after the split of Hewlett Packard into two companies:

  • HP Inc., which develops PCs, printers and 3D printing solutions,
  • HPE, which focuses on providing business and financial services.

HP Enterprise provides the best software-related, SAAS and cloud computing services, business consulting, as well as data centers, network converged systems, workplace applications, and financial solutions.

There are also a major financial division, which provides architectures and investment solutions, and a corporate investment division, which includes Labs and business incubation projects.

Among the company's clients, there are small- and medium-sized businesses, big enterprises, government, education, and health institutions.

Headquartered in Palo Alto, California, US.

#9

SAP

$29.75 bln.
SAP

Industry: Enterprise software.
Market cap: $144.59 bln.
Employees: 100,330 people.

SAP is a pretty powerful business application developer and IT company, which offers SaaS, enterprise software, business operation, and on-premise management services.

Its applications and solutions cover numerous business fields, like finance, human resources, manufacturing, marketing, engineering, and so on. By the way, SAP was the first company to develop ERP solutions for supply chain and logistics management.

Over a few recent years, the company also focuses on machine learning, IoT, blockchain, and cloud computing.

SAP was founded by Dietmar Hopp and Hasso Plattner in 1972. The year later, it launched its first commercial product – a financial accounting system.

Today, it has offices in more than 130 countries. The headquarter is in Baden-Württemberg, Germany.

10

Synnex

$23.76 bln.
Synnex

Industry: IT services and consulting.
Market cap: $4.16 bln.
Employees: 240,000 people.

Just like Tech Data, Synnex is not a typical IT company, but more of a business process outsourcing firm, connecting technology sellers with buyers. It also offers customer service after the sale. The company works with suppliers of software, IT systems, components, and equipment.

Synnex is also a vendor of marketing services, like telemarketing, external advertising, direct mail, database analysis, and Web-based marketing.

It also has a division that provides strategic solutions to business in fields of customer experience, innovation, automation, process optimization, etc.

Synnex was founded in 1980 by Robert T. Huang. Today, the company has more than 20K clients globally, including such famous brands as HP Enterprise, Google, Panasonic, Lenovo, Asus, and Microsoft.

It operates in 25 countries. The headquarters are in Fremont, California, US.

#11-20

And here are the promising companies that have a great chance to appear in the leaders ten in a few next years – the remaining Top 20 best IT firms by revenue:

# Company Revenue Market Cap Employees Industry
11 Tata CS $22 bln $90.6 bln 446,675 IT services and consulting
12 DXC Technology $20.7 bln $4.5 bln 130,000 IT services and consulting
13 NTT Data $19.5 bln $13.9 bln 118,006 IT services and consulting
14 Salesforce $17.1 bln $138.2 bln 49,000 Cloud computing and software
15 Cognizant $16.8 bln $31 bln 292,500 IT services and consulting
16 CDW $16.2 bln $15.3 bln 9,019 B2B IT products and services
17 Capgemini $15.2 bln $15.4 bln 225,500 IT services and consulting
18 Baidu $14.3 bln $33.6 bln 45,887 Internet
19 Atos $12.5 bln $7.5 bln 122,110 IT services and consulting
20 Infosys $12.4 bln $36.4 bln 243,454 IT services and consulting

The Top 20 Most Valuable IT Companies

Here you can see the leading information technology firms rated by their market value. This list of the most expensive software vendors is somehow different from the presented above.

# Company Market Cap Industry
1 Cisco Systems $180.2 bln Networking software
2 Oracle $167.77 bln Enterprise software, cloud computing
3 Adobe Inc. $160.6 bln Software
4 SAP $144.6 bln Enterprise software
5 Salesforce $138.2 bln Cloud computing, software
6 Accenture $118 bln Strategy, consulting, technology and operations
7 IBM $112.1 bln Cloud computing, AI, software
8 Tata CS $90.6 bln IT services and consulting
9 Intuit $69.3 bln Enterprise software
10 ServiceNow $56.4 bln Enterprise software
11 VMware $54.2 bln Software
12 Yahoo! $44.4 bln Web portal
13 Dassault Systèmes $39 bln Software
14 Autodesk $38.9 bln Software
15 Infosys $36.4 bln IT services and consulting
16 Workday $33.6 bln Cloud computing, software
17 Baidu $33.6 bln Internet
18 Orange Business Services $32.7 bln Technology consulting and services
19 eBay $31.1 bln E-commerce
20 Dell Technologies $30.2 bln Software, cloud computing

The Top 20 Biggest IT Companies by Employees

And another IT ranking that might be interesting for you. Here are the best software providers rated by the number of employees.

# Company Employees Industry
1 Accenture 505,000 Strategy, consulting, technology and operations
2 Tata CS 446,675 IT services and consulting
3 IBM 352,600 Cloud computing, AI, software
4 Cognizant 292,500 IT services and consulting
5 Infosys 243,454 IT services and consulting
6 Synnex 240,000 IT services and consulting
7 Capgemini 225,500 IT services and consulting
8 Wipro 171,425 IT services and consulting, outsourcing
9 Dell Technologies 157,000 Software, cloud computing
10 HCL Technologies 147,123 Software, cloud computing
11 Fujitsu 140,365 Software, IT services and consulting
12 Oracle 136,000 Enterprise software, cloud computing
13 DXC Technology 130,000 IT services and consulting
14 Atos 122,110 IT services and consulting
15 NTT Data 118,006 IT services and consulting
16 SAP 100,330 Enterprise software
18 Genpact 87,000 AI-based platform for enterprises
19 CGI group 77,500 IT services and consulting
20 Cisco Systems 75,900 Networking software

Other Information Technology Areas

As you may have noticed, all our ratings above include only pure-play software market players, avoiding big manufacturers, consumer electronics companies, conglomerates, etc.

Nevertheless, it wouldn't be fair to say that computer hardware production, telecommunications, semiconductors, or video games don't belong to the information technologies.

So here we present you top-fives the wealthiest and most prestigious companies of each industry somehow related to the IT:

Industry Company Revenue Market cap Employees
Electronics, Hardware Samsung $197.69 bln $274.2 bln 320,671
Foxconn $175.6 bln $34.86 bln 803,126
Huawei $121.72 bln $2.36 bln 180,000
Sony $78.14 bln $76.81 bln 114,400
Panasonic $75.22 bln $18.42 bln 273,858
Telecommunications AT&T $181.2 bln $219.8 bln 251,840
Verizon $131.86 bln $239.3 bln 135,400
Comcast $108.94 bln $173.8 bln 190,000
China Mobile $101.9 bln $164.9 bln 459,152
SoftBank $86.5 bln $62.67 bln 74,952
Semiconductors Intel $71.9 bln $248.7 bln 110,200
TSMC $35.7 bln $277.5 bln 46,968
SK Hynix $35.27 bln $77.53 bln 22,254
Qualcomm $24.3 bln $8.06 bln 41,000
Micron Technology $23.4 bln $50.39 bln 36,000
Video games Nintendo $10.8 bln $51.28 bln 5,501
Activision Blizzard $6.49 bln $49.20 bln 9,200
Electronic Arts $5.15 bln $32.26 bln 9,300
Konami $2.36 bln $4.41 bln 10,454

Why Microsoft, Apple, and Alphabet are not on the list?

You may also notice, that we have excluded such admired brands as Apple, Google, Microsoft, and others, from our ratings, even though these companies have large software divisions.

Well, all of them usually appear on the lists when it comes to the most profitable, valuable, and successful companies. And we wanted to tell you about emerging firms in the IT market that are very important for the industry and no less interesting than the famous conglomerates.

Still, to be fair here's some short info about the real industry leaders rated by revenue:

# Company Revenue Market Cap Employees Industry
1 Amazon $280.5 bln $1.15 tln 798,000 Cloud computing, e-commerce, AI
2 Apple $260.2 bln $1.22 tln 137,000 Software, cloud computing, fintech, AI
3 Alphabet $161.8 bln $848.8 bln 118,899 Internet
4 Microsoft $125.8 bln $1.29 tln 151,163 Software, cloud computing, Internet
5 Facebook $70.7 bln $521.44 bln 44,942 Social network
6 Tencent $54.6 bln $507.01 bln 54,309 Web portals, e-commerce, software, AI, etc

You can learn more about these top market players here: Most Valuable Companies in the World.