5 Biggest Cloud Providers by Revenue

In this piece, we will take a look at the five largest cloud providers by revenue. For more companies, head on over to 25 Biggest Cloud Providers by Revenue.

5. Alphabet Inc. (NASDAQ:GOOG)

Latest 12 Month Revenue Estimate: $26.3 billion

Alphabet Inc. (NASDAQ:GOOG) is one of the largest technology companies in the world. Its cloud services division is called Google Cloud, which raked in $26.3 billion in revenue during the firm’s latest fiscal year. Google Cloud provides serverless computing platforms and other services.

As of last year’s fourth quarter, 152 of the 943 hedge funds part of Insider Monkey’s survey had invested in Alphabet Inc. (NASDAQ:GOOG). Out of these, the firm’s largest investor is Chris Hohn’s TCI Fund Management which owns 54.5 million shares that are worth $4.8 billion.

4. Salesforce, Inc. (NYSE:CRM)

Latest 12 Month Revenue Estimate: $31.3 billion

Salesforce, Inc. (NYSE:CRM) is a customer relationship management software products provider that is headquartered in San Francisco, California. Its products enable companies to analyze customer responses, generate and run marketing campaigns, store data, and send invoices.

By the end of Q4 2022, 117 of the 943 hedge funds profiled by Insider Monkey had held Salesforce, Inc. (NYSE:CRM)’s shares. The firm’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management with a $1.8 billion stake that comes via 13.8 million shares.

3. Oracle Corporation (NYSE:ORCL)

Latest 12 Month Revenue Estimate: $42.9 billion

Oracle Corporation (NYSE:ORCL) is an enterprise resource planning and hardware products provider that operates out of Austin, Texas. The firm provides different cloud products such as database management, storage, networking, load balancing, and business analytics.

Insider Monkey’s fourth quarter of 2022 survey covering 943 hedge funds revealed that 65 had bought a stake in the company. Out of these, the largest investor is Jean-Marie Eveillard’s First Eagle Investment Management since it owns 20 million shares that are worth $1.6 billion.

2. Microsoft Corporation (NASDAQ:MSFT)

Latest 12 Month Revenue Estimate: $69.4 billion

Microsoft Corporation (NASDAQ:MSFT) is one of the largest technology companies in the world. Its cloud division is called Azure. Azure provides a wide variety of services such as remote application development, virtual machines, website development, identity management, storage, and big data analytics.

259 of the 943 hedge funds profiled by Insider Monkey had invested in Microsoft Corporation (NASDAQ:MSFT) during Q4 2022. Michael Larson’s Bill & Melinda Gates Foundation Trust is the largest shareholder since it owns 39 million shares that are worth $9.4 billion.

1. Amazon.com, Inc. (NASDAQ:AMZN)

Latest 12 Month Revenue Estimate: $80 billion

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce platform provider. At the same time, it is also one of the biggest and oldest cloud computing companies, through its Amazon Web Services (AWS) platform.

As of Q4 2022, 240 of the 943 hedge funds surveyed by Insider Monkey had held a stake in the company. Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor is Ken Fisher’s Fisher Asset Management since it owns 50.5 million shares that are worth $4.2 billion.

Disclosure: None. You can also take a look at  12 Best Canadian Stocks To Buy and Hold and 12 Best Low-Priced Technology Stocks To Invest In.

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