August 14, 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 August 13, 2020.

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

#1

Dell Technologies

$92.15 bln.
Dell Technologies

Industry: Computer software, cloud computing.
Market cap: $44.82 bln.
Employees: 157,000 people.

Today, Dell is the world's most profitable IT company. It tops the ranking with annual revenue of $92 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 cyber security.

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

$77.15 bln.
IBM Company

Industry: Cloud computing, AI, computer software.
Market cap: $111.48 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: $180.10 bln.
Employees: 75,900 people.

Cisco Systems is the third-wealthiest information technology company in terms of revenue, earning more than $51 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, cyber security (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 has more than 170 acquisitions since 1993. The headquarters are in San José, CA, US.

#4

Accenture

$43.22 bln.
Accenture

Industry: Strategy, consulting, technology, and operations.
Market cap: $153.73 bln.
Employees: 513,000 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 such 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

$39.07 bln.
Oracle

Industry: Enterprise software, cloud computing.
Market cap: $165.31 bln.
Employees: 135,000 people.

Oracle is famous for its ERP systems, user-friendly applications, and smart solutions, which have already attracted more than 400.000 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

$35.49 bln.
Fujitsu Ltd

Industry: Computer software, IT services and consulting, telecommunications.
Market cap: $26.45 bln.
Employees: 129,071 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

$37 bln.
Tech Data

Industry: Technology, computer software, IT consulting.
Market cap: $5.17 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. 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 22.000 IT resellers, including Google, Cisco, Dell, HPE, HPI, LG, Samsung, Lenovo, IBM, and many others.

Tech Data is headquartered in Clearwater, Florida, US.

#8

SAP

$30.86 bln.
SAP

Industry: Enterprise software.
Market cap: $193.03 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 in 1972 by Dietmar Hopp and Hasso Plattner. 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.

#9

HP Enterprise

$29.14 bln.
HP Enterprise

Industry: Computer software, cloud computing, IoT, AI, data storage and services, computer networking, blockchain.
Market cap: $12.51 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 is 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.

10

Synnex

$23.77 bln.
Synnex

Industry: IT services and consulting.
Market cap: $6.61 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 20.000 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 top ten in a few next years – the remaining Top 20 best IT firms by revenue:

# Company Revenue Market Cap Employees Industry
11 Tata CS $23 bln $115.24 bln 448,464 IT services and consulting
12 NTT Data $20.5 bln $15.75 bln 118,006 IT services and consulting
13 DXC Technology $19.58 bln $4.99 bln 138,000 IT services and consulting
14 CDW $18.03 bln $16.36 bln 6,800 B2B IT products and services
15 Salesforce $17.1 bln $177.39 bln 49,000 Cloud computing and software
16 Cognizant $16.78 bln $36.32 bln 281,200 IT services and consulting
17 Capgemini $15.82 bln $19.5 bln 270,000 IT services and consulting
18 Baidu $15.43 bln $42.34 bln 37,779 Internet
19 Atos $12.9 bln $8.04 bln 110,000 IT services and consulting
20 Infosys $12.78 bln $53.57 bln 242,371 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 Adobe Inc. $217.5 bln Software
2 SAP $192.61 bln Enterprise software
3 Cisco Systems $180.25 bln Networking software
4 Salesforce $177.54 bln Cloud computing, software
5 Oracle $165.25 bln Enterprise software, cloud computing
6 Accenture $153.99 bln Strategy, consulting, technology and operations
7 Tata CS $115.24 bln IT services and consulting
8 IBM $111.51 bln Cloud computing, AI, software
9 ServiceNow $83.65 bln Enterprise software
10 Intuit $80.65 bln Enterprise software
11 VMware $58.12 bln Software
12 Infosys $53.57 bln IT services and consulting
13 Autodesk $53.16 bln Software
14 Dassault Systèmes $47.35 bln Software
15 Dell Technologies $44.8 bln Software, cloud computing
16 Yahoo! $44.4 bln Web portal
17 Workday $43.38 bln Cloud computing, software
18 Baidu $42.48 bln Internet
19 eBay $38.76 bln E-commerce
20 Orange Business Services $31.4 bln Technology consulting and services

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 513,000 Strategy, consulting, technology and operations
2 Tata CS 448,464 IT services and consulting
3 IBM 383,800 Cloud computing, AI, software
4 Cognizant 281,200 IT services and consulting
5 Capgemini 270,000 IT services and consulting
6 Infosys 242,371 IT services and consulting
7 Synnex 240,900 IT services and consulting
8 Wipro 175,000 IT services and consulting, outsourcing
9 Dell Technologies 165,000 Software, cloud computing
10 HCL Technologies 150,000 Software, cloud computing
11 DXC Technology 138,000 IT services and consulting
12 Oracle 135,000 Enterprise software, cloud computing
13 Fujitsu 129,071 Software, IT services and consulting
14 NTT Data 118,006 IT services and consulting
15 Atos 110,000 IT services and consulting
16 SAP 100,330 Enterprise software
17 Genpact 96,500 AI-based platform for enterprises
18 CGI group 77,500 IT services and consulting
19 Cisco Systems 75,900 Networking software
20 HP Enterprise 61,600 Computer software,
cloud computing

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 the top five of the wealthiest and most prestigious companies of each industry related to the IT:

Industry Company Revenue Market cap Employees
Electronics, Hardware Samsung $197.69 bln $332.79 bln 287,439
Foxconn $178.16 bln $75.11 bln 667,680
Huawei $122 bln $2.57 bln 194,000
Sony $75.99 bln $99.34 bln 111,700
Panasonic $68.91 bln $20.24 bln 259,385
Telecommunications AT&T $181.19 bln $213.11 bln 243,350
Verizon $131.87 bln $242.16 bln 135,000
Comcast $108.94 bln $196.61 bln 190,000
China Mobile $107.93 bln $154.97 bln 456,239
SoftBank $56.9 bln $115.19 bln 80,909
Semiconductors Intel $71.97 bln $206.53 bln 110,800
TSMC $35.77 bln $365.44 bln 51,297
Qualcomm $24.27 bln $127.96 bln 37,000
Micron Technology $23.41 bln $51.26 bln 37,000
SK Hynix $23.19 bln $47.19 bln 33,000
Video games Nintendo $12.04 bln $63.27 bln 6,200
Activision Blizzard $6.49 bln $62.75 bln 9,200
Electronic Arts $5.54 bln $40.94 bln 9,800
Konami $2.42 bln $4.9 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 $1.58 tln 840,400 Cloud computing, e-commerce, AI
2 Apple $260.2 bln $1.97 tln 137,000 Software, cloud computing, fintech, AI
3 Alphabet $161.8 bln $1.01 tln 118,899 Internet
4 Microsoft $143.02 bln $1.58 tln 156,439 Software, cloud computing, Internet
5 Facebook $70.7 bln $733.63 bln 52,534 Social network

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