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 |
|---|---|---|---|---|
| AppLovin APP | $5.5B | $4.2B | 75.8% | +70.0% |
| EPAM Systems EPAM | $5.5B | $520M | 9.5% | +15.4% |
| Keysight Technologies KEYS | $5.4B | $876M | 16.3% | +8.0% |
| Cadence Design Systems CDNS | $5.3B | $1.5B | 28.2% | +14.1% |
| Twilio TWLO | $5.1B | $158M | 3.1% | +13.7% |
| Gen Digital GEN | $5B | $2.1B | 42.4% | +27.1% |
| GoDaddy GDDY | $5B | $1.1B | 22.8% | +8.3% |
| Zoom Communications ZM | $4.9B | $1.1B | 23.1% | +4.4% |
| CrowdStrike CRWD | $4.8B | -$293M | -6.1% | +21.7% |
| Ciena CIEN | $4.8B | $198M | 4.2% | +18.8% |
| Microchip Technology MCHP | $4.7B | $490M | 10.4% | +7.1% |
| Snowflake SNOW | $4.7B | -$1.4B | -30.6% | +29.2% |
| Palantir Technologies PLTR | $4.5B | $1.4B | 31.6% | +56.1% |
| Akamai Technologies AKAM | $4.2B | $567M | 13.5% | +5.4% |
| Skyworks Solutions SWKS | $4.1B | $500M | 12.2% | -2.2% |
| Plexus PLXS | $4B | $202M | 5.0% | +1.8% |
| MKS Instruments MKSI | $3.9B | $528M | 13.4% | +9.6% |
| Qorvo QRVO | $3.7B | $411M | 11.2% | -1.1% |
| Datadog DDOG | $3.4B | -$44M | -1.3% | +27.7% |
| Fabrinet FN | $3.4B | $324M | 9.5% | +18.6% |
| DocuSign DOCU | $3.2B | $299M | 9.3% | +8.2% |
| Entegris ENTG | $3.2B | $456M | 14.3% | -1.4% |
| Veeva Systems VEEV | $3.2B | $916M | 28.7% | +16.3% |
| Teradyne TER | $3.2B | $650M | 20.4% | +13.1% |
| HubSpot HUBS | $3.1B | $7M | 0.2% | +19.1% |
| F5 FFIV | $3.1B | $766M | 24.8% | +9.7% |
| Okta OKTA | $2.9B | $149M | 5.1% | +11.8% |
| The Trade Desk TTD | $2.9B | $589M | 20.3% | +18.4% |
| Monolithic Power Systems MPWR | $2.8B | $729M | 26.1% | +26.4% |
| PTC PTC | $2.7B | $982M | 35.9% | +19.2% |
| Zscaler ZS | $2.7B | -$128M | -4.8% | +23.3% |
| Ubiquiti UI | $2.6B | $836M | 32.5% | +33.5% |
| Dropbox DBX | $2.5B | $689M | 27.3% | -1.1% |
| RingCentral RNG | $2.5B | $121M | 4.8% | +4.8% |
| MongoDB MDB | $2.5B | -$137M | -5.6% | +22.8% |
| Tyler Technologies TYL | $2.3B | $358M | 15.4% | +9.1% |
| Cloudflare NET | $2.2B | -$207M | -9.5% | +29.8% |
| Ultra Clean Holdings UCTT | $2.1B | -$107M | -5.2% | -2.1% |
| Paycom Software PAYC | $2.1B | $453M | 22.1% | +9.0% |
| Dynatrace DT | $2B | $245M | 12.1% | +18.8% |
| Cirrus Logic CRUS | $2B | $460M | 23.0% | +5.3% |
| Fair Isaac FICO | $2B | $925M | 46.5% | +15.9% |
| Pegasystems PEGA | $1.7B | $263M | 15.1% | +16.6% |
| Elastic ESTC | $1.7B | -$33M | -1.9% | +17.3% |
| VeriSign VRSN | $1.7B | $1.1B | 67.7% | +6.4% |
| Samsara IOT | $1.6B | -$53M | -3.3% | +29.6% |
| UiPath PATH | $1.6B | $57M | 3.5% | +12.7% |
| Paylocity PCTY | $1.6B | $304M | 19.1% | +13.7% |
