5 Biggest Gaming Companies in the World

1. Microsoft Corporation (NASDAQ:MSFT)

2021 annual revenue: $168.08 billion

Microsoft Corporation (NASDAQ:MSFT) is a multinational technology corporation based in Redmond, Washington, that manufactures computer software, consumer electronics, and personal computers. Xbox video game consoles are developed under Microsoft Corporation as its flagship product. Microsoft Corporation (NASDAQ:MSFT)’s Xbox Game Studios produces and publishes video games for Xbox gaming consoles, Windows computers, and Windows mobile. The company’s topline for the fiscal year 2021 stood at $168.08 billion.

Here is what Alger Capital had to say about Microsoft Corporation (NASDAQ:MSFT) in its third-quarter 2022 investor letter:

Microsoft Corporation (NASDAQ:MSFT) is a positive dynamic change beneficiary of corporate America’s transformative digitization. Microsoft CEO expects technology spending as a percent of gross domestic product (GDP) to jump from about 5% now to 10% in 10 years and that Microsoft will continue to capture market share within the technology sector.

Microsoft’s shares underperformed during the period because the company slightly missed analysts’ estimates. The miss was due to foreign currency headwinds, weakening small business and consumer demand, and decreasing advertising activity. However, Microsoft showed that despite consumer, advertising, and small and medium business weakness; the company’s main business, the digitization of corporate America, continues to grow. We believe the secular forces of cloud adoption (azure and office 365) remain resilient, and the company’s commercial bookings growth attest to the continued demand for digital transformation.

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