4 Biggest Cloud Computing Companies By Revenue

The term ‘cloud’ is not unfamiliar to those who know anything about technology in the past decade. Everyone, from private individuals to public corporations, is using the cloud to back up their data and make sure they don’t lose anything. The cloud hence holds a lot of private details as well as some highly sensitive information.

Needless to say, the companies providing cloud services are raking in some pretty decent revenues. This is not just because of the need for these kinds of services, but also the excellent resources they provide along with them. Some of the biggest names in technology are now earning most of their awe-inspiring revenue from their cloud services. Here we listed top 4 Biggest Cloud Computing Companies By Revenue Let’s have a look at some of the highest-performing ones below:

4 Biggest Cloud Computing Companies By Revenue

1. SAP SE (ADR) (NYSE:SAP)--Cloud Revenue: $1.02 billion:

This company provides both software and services. Its revenue is a whopping 906 million Euros. That’s just in the Q1 of 2017 alone! They have increased this revenue by 34% from last year. Needless to say, this is one of the top companies for providing cloud computing services and has higher plans for itself.

In May, the company revealed its plans for making even more revenue through its cloud computing services. We may hence look forward to a better offer from them in terms of price, customer service, and quality. In fact, they are concentrating more on their revenue from cloud computing than from the software they also provide.

2. Oracle Corporation (NYSE:ORCL)--Cloud Revenue: $1.19 billion:

This corporation is quite well known in the digital world. In the third quarter of 2017 (fiscal year), Oracle was on an impressive standing among the top revenue makers in the cloud computing industry.

In the time slot we're talking about, Oracle raked in a revenue of no less than $1.19 billion. Of this, more than one billion dollars were due to the cloud software alone. Oracle provides a cloud computing system which also has a platform and a whole infrastructure. In fact, the corporation itself is seeking to grow all the time. In its quest to do so, it has recently acquired ownership of NetSuite. The latter provides a range of software, the most important being enterprise resource planning. Needless to say, this software is also based in the cloud.

3. Amazon.com, Inc. (NASDAQ:AMZN)--Cloud Revenue: $3.66 billion:

On simply can't talk about the cloud computing industry without mentioning Amazon. Amazon is a giant of a corporation which is one of the topmost cloud computing providers to date. The Amazon Web Services are among the top in their field, and they are no doubt bring in big bucks. 

This service mostly customizes cloud computing platforms to whoever demands it. They may be customized more for government and other corporations. For individuals, they have a more standard offer.

Needless to say, Amazon is also a brilliantly innovative company that is constantly playing around with new concept and ideas. It is thus no surprise that it could computing technology gives its users the ability to use virtual computers just like their physical counterparts. 

As far as the revenue itself is concerned, Amazon bright in no less than $3.66 from its Web Services segment alone. This was a huge mark-up from last year. The increase was by around 43% or more.

4. Microsoft Corporation (NASDAQ:MSFT)--Cloud Revenue: $6.76 billion:

Here is yet another name without which we won't be able to discuss cloud computing at all. The corporation itself is a giant, but it is earning the most revenue from its clip services. Microsoft has provided an Intelligent Cloud feature for its loyal followers. This segment has several kinds of server products, which could be public, private, or an amalgamation of both. 

Just a few examples of these are Azure, Microsoft SQL server, and the Windows server, etc. Along with this, Microsoft's Productivity and Business Processes has a cloud-hosted range of applications called Office 365. Another range is called Dynamics 365, which provides cloud computing services for business aspects such as Enterprise Resource Planning and Customer Relationship Management. This obviously means more popularity of such services and hence more success for Microsoft.

Wrap-Up…

Cloud computing is not a homogenous industry. There are different kinds of different requirements. This way, companies can all hire their own kind of cloud services in order to have one that is most suited to them. Learning about the topmost cloud computing companies can help both large and small businesses to decide which vendor they want to approach. They would thus be able to make a better decision when they want to back their data on the cloud.

Moreover, knowledge about the highest revenue-earning companies is also valuable in knowing where to invest. If you're thinking of buying some shares, looking at these companies might be a wise place to start!