Technology & Cloud
Cloud, software, AI, digital advertising, and enterprise technology businesses. This page compares reported financial scale with the customer needs and operating signals that shape sector performance.
- Companies
- 139
- Average revenue
- $21.2B
- Average margin
- 4.0%
- Average growth
- 16.0%
What this industry is really competing to solve
Demand emerges when a person or organization needs to complete complex work faster, with less uncertainty and less infrastructure burden. The deeper motives are control, competence, speed, and confidence that an important task will not fail. This is why the competitive set extends beyond companies with the same industry code.
Customers can also choose manual work, internal tools, on-premise systems, consultants, rival platforms, and postponing the decision. Industry growth becomes durable only when companies make the desired progress easier than those alternatives.
How demand becomes profit and cash
The common mechanism is turning product usage, data, and distribution into recurring revenue and lower service cost per customer. Across the industry, the decisive investment question is whether product and infrastructure investment produces durable usage before depreciation and acquisition costs absorb the gain.
Average operating profit is $4.9B, but the spread between leaders and laggards matters more than the average alone. Compare scale, margin, growth, and the leading indicators together.
Technology & Cloud companies
| Company | Revenue | Operating profit | Margin | Growth |
|---|---|---|---|---|
| Amazon AMZN | $716.9B | $80B | 11.2% | +12.4% |
| Alphabet GOOGL | $403B | $130B | 32.3% | +15.1% |
| Microsoft MSFT | $281.7B | $128.5B | 45.6% | +14.9% |
| Meta Platforms META | $190B | $80B | 42.1% | +15.5% |
| Dell Technologies DELL | $113.5B | $8.1B | 7.2% | +18.8% |
| Apple AAPL | $111.2B | $35.9B | 32.3% | +16.6% |
| NVIDIA NVDA | $81.6B | $53.5B | 65.6% | +85.2% |
| Accenture ACN | $69.7B | $10.3B | 14.8% | +7.3% |
| IBM IBM | $67.5B | $10.3B | 15.3% | +7.6% |
| Oracle ORCL | $67.4B | $20.6B | 30.6% | +17.3% |
| Cisco Systems CSCO | $56.7B | $11.8B | 20.8% | +5.3% |
| HP Inc. HPQ | $55.3B | $3.2B | 5.7% | +3.2% |
| Netflix NFLX | $45.1B | $13.5B | 29.9% | +15.6% |
| Salesforce CRM | $41.5B | $8.3B | 20.1% | +9.5% |
| Hewlett Packard Enterprise HPE | $34.3B | -$437M | -1.3% | +13.8% |
| Jabil JBL | $29.8B | $1.2B | 4.0% | +3.2% |
| Flex FLEX | $27.9B | $880M | 3.2% | +8.1% |
| The Walt Disney Company DIS | $25.2B | $4.6B | 18.3% | +6.5% |
| Amphenol APH | $23.1B | $5.9B | 25.4% | +51.7% |
| CDW CDW | $22.4B | $1.7B | 7.4% | +6.8% |
| Automatic Data Processing ADP | $20.6B | $4.1B | 19.8% | +7.1% |
| Intuit INTU | $18.8B | $4.9B | 26.1% | +15.6% |
| TE Connectivity TEL | $17.3B | $3.2B | 18.6% | +8.9% |
| Leidos LDOS | $17.2B | $2.1B | 12.3% | +3.1% |
| Corning GLW | $15.6B | $2.3B | 14.6% | +19.1% |
| ServiceNow NOW | $13.3B | $1.8B | 13.7% | +20.9% |
| KLA KLAC | $12.2B | $4.1B | 33.4% | +23.9% |
| Motorola Solutions MSI | $11.7B | $3B | 25.6% | +8.0% |
| Analog Devices ADI | $11B | $2.9B | 26.6% | +16.9% |
| Workday WDAY | $9.6B | $721M | 7.5% | +13.1% |
| Western Digital WDC | $9.5B | $2.3B | 24.5% | +50.7% |
| Palo Alto Networks PANW | $9.2B | $1.2B | 13.5% | +14.9% |
| Seagate Technology STX | $9.1B | $1.9B | 20.8% | +38.9% |
| Arista Networks ANET | $9B | $3.9B | 42.8% | +28.6% |
| CACI International CACI | $8.6B | $764M | 8.9% | +12.6% |
| Sanmina SANM | $8.1B | $355M | 4.4% | +7.4% |
| Roper Technologies ROP | $7.9B | $2.2B | 28.3% | +12.3% |
| Science Applications International SAIC | $7.3B | $521M | 7.2% | -2.9% |
| Autodesk ADSK | $7.2B | $1.6B | 21.9% | +17.5% |
| Synopsys SNPS | $7.1B | $915M | 13.0% | +15.1% |
| NetApp NTAP | $6.9B | $1.7B | 24.2% | +5.4% |
| Fortinet FTNT | $6.8B | $2.1B | 30.7% | +14.2% |
| Amkor Technology AMKR | $6.7B | $467M | 7.0% | +6.2% |
| Adobe ADBE | $6.6B | $2.2B | 33.8% | +12.7% |
| Paychex PAYX | $6.5B | $2.5B | 38.6% | +16.9% |
| SS&C Technologies SSNC | $6.3B | $1.4B | 22.9% | +6.6% |
| Toast TOST | $6.2B | $292M | 4.7% | +24.1% |
| Coherent COHR | $5.8B | $30M | 0.5% | +23.4% |
