5 Biggest SaaS Companies in the World

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1. Microsoft Corporation (NASDAQ:MSFT)

Market capitalization as of March 14: $1.93 trillion

Like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) is among the global tech juggernauts from the United States. The company is heavily involved in both software and hardware, although the former is becoming more critical to growth.

On the SaaS front, Microsoft Corporation (NASDAQ:MSFT) plays an important role as a provider of cloud-based services to businesses from all over the world through Microsoft Azure. Other SaaS offerings from the company include Microsoft 365, a suite of cloud-based productivity and collaboration tools that includes Office 365, Teams, OneDrive, and other applications; Dynamics 365, a cloud-based business applications platform that includes applications for sales, customer service, finance, operations, and more; and GitHub, a web-based platform that allows developers to collaborate on software development projects.

Microsoft Corporation (NASDAQ:MSFT)’s SaaS offerings are a key part of the company’s growth strategy. They provide a recurring revenue stream and are increasingly in demand as more businesses move their operations to the cloud. According to the latest financial results, the company posted a 2% revenue growth to $52.7 billion for the quarter that ended December 31, 2023. In addition, the company revealed that Microsoft Cloud was central to the revenue growth. Microsoft Cloud revenue grew 22% year-over-year to $27.1 billion.

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