Fortune 500 is a list of U.S. based companies ranked by total revenues for their respective fiscal years. Here are the top five technology companies within the list:
This year’s Fortune 500 marks the 61st running of the list. In total, the Fortune 500 companies account for $12.5 trillion in revenues, $945 billion in profits, $17 trillion in market value and employ 26.8 million people worldwide.
1. Apple, Inc.
Apple is a company with a strong brand. Besides the record-breaking iPhone 6 sales, the company’s launch of new products, Apple Pay and Apple Watch, have helped a lot with its revenue growth.
Apple’s $182 billion in revenue and $40 billion in profits place it fifth in the Fortune 500 list. Even that it holds the same position as last year, the California based tech giant has made big progress since 2006 when it was ranked 159th.
2. Hewlett-Packard Company
In a process of transition, HP ranks 19th in the Fortune 500 list, two positions down since last year. By the end of 2015, HP will split in two companies:
- Hewlett Packard Enterprise will sell enterprise-oriented goods, such as servers, data center hardware and more
- HP, Inc. will sell consumer-oriented goods, such as computers, printers and software
Both entities are expected to remain in the top 50 Fortune 500 companies after the split because of the recent acquisition of Aruba Networks, which could potentially bring in an annual revenue of $729 million.
3. IBM Corporation
IBM’s consumers are many of the world’s largest enterprises. However, the company’s revenue has been on the decline falling from $107 billion in 2011 to $93 billion in 2014. IBM’s tardy arrival to cloud computing has caused a decline in revenue. Investments in newer technologies, like cloud, analytics, mobile, social and security have generated only a quarter over IBM’s overall revenue.
Besides the struggles, IBM ranks 24th overall in the Fortune 500 list, only one position down from last year.
4. Amazon.com, Inc.
The largest e-commerce retailer jumped six spots from 35th last year to 29th this year with $89 billion in revenue. A great contribution to the growth is Amazon’s service Prime, which allows people from around the world to get faster shipping and streaming services.
After the Amazon Fire Phone disappointment, Amazon continues to seek innovative ways to grow. Amazon has received an approval from the Federal Aviation Administration to test a new delivery system that will use Unmanned Aerial Systems. The system is called Amazon Prime Air and will allow 1hr delivery of packages by drones in New York City.
5. Microsoft Corporation
In an year, Microsoft has jumped from 34th to 31st with $87 billion in annual revenue. A key factor in company’s earnings is its cloud computing platform Azure. In addition, Microsoft’s Surface has increasing revenue, despite the competition from Apple.
The company expects to see increased growth because of it’s new mobile operating system Windows 10 mobile. The mobile operating system was released this summer as an edition of Windows 10 and is expected to become a dominant mobile platform that is competitive with Google Android and Apple iOS.