5 Most Valuable Data Companies in the World

1. Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ: MSFT), while known for its Windows operating system, also has a highly sophisticated enterprise data processing services platform called Microsoft Azure. Additionally, Microsoft’s Excel is the go-to software for generating dataset insights, and the company’s HDInsights platform under the Azure platform allows its customers to process their data using open source frameworks such as Hadoop. HDInsights also allows customers to only pay for the services that they use and it offers security for their data as well.

In its Q2 2021 investor letter, Baron Opportunity Fund highlighted a few stocks, and Microsoft Corp. (NASDAQ: MSFT) is one of them. Here is what the fund said:

“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft was a top contributor in the period because it trades at reasonable free cash flow and earnings valuations, has cloud and digital transformation tailwinds at its back, reported a solid March quarter, and beat Street expectations by a wide margin. Microsoft’s results continued to be strong across the board, with Azure cloud computing revenues up 46% in constantcurrency (“cc”) terms and commercial cloud bookings growth of 38% cc, the best in years. Microsoft also reported robust profitability growth, with operating income expanding 31% and GAAP earnings up 45%. We believe the company is well positioned for continued solid growth and profitability through market share gains as more companies look to transform and digitize their businesses as they move operations to the cloud.”

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