In this age of technology, cloud-based software is one of the most effective and efficient tools for most organizations. Not only are they future-proof, but cloud-based software is also very cost-efficient because of its flexibility in using its resources.
As such, it is no wonder that cloud vendors have earned billions of dollars in revenue in just the first quarter of this year. With more organizations establishing their online presence daily, cloud vendors will only expect more sales in the future.
If you wonder how much these companies are earning, here are the top 10 cloud vendors by revenue in the first quarter of 2021 based on a report from Statista.com.
| Company | Revenue in the first Quarter of 2021 |
| Microsoft | $17,700,000,000 |
| Amazon | $13,500,000,000 |
| IBM | $6,500,000,000 |
| Salesforce | $5,820,000,000 |
| Google Cloud | $4,000,000,000 |
| SAP | $2,570,000,000 |
| Oracle | $1,600,000,000 |
| ServiceNow | $1,290,000,000 |
| Workday | $1,001,000,000 |
| Snowflake | $1,800,000,000 |
Image source: 1000logos.net/Wikipedia
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References:
https://www.statista.com/statistics/1243513/top-10-cloud-vendors-by-revenue-fiscal-quarter-global/
