List of Top 10 IT Companies in USA 2023 by Revenue and Market Capitalization. [Updated]

Top 10 IT Companies in USA

The list of Top IT companies in USA is based on the Total Revenue and Market capitalization of the companies. In this article, we discuss the top 10 IT companies in USA. IT and Software companies are playing the most valuable character in the field of IT Industry in USA.

The IT companies like Microsoft, Adobe, and Oracle have many strong bases in the USA and if you want to invest or make a better career in the top IT companies in the U.S. in 2023 it is the best article for you.

The USA is one of the biggest IT offshoring hubs, and here Top IT companies play the most significant role in developing the country's economies. Many survey report says that IT sector revenue grow 7.9% in FY20 to $196 billion and the IT sector produces more than 27000 jobs yearly in the USA.

Top USA-based Software and IT companies supply traditional IT services and reshape the world by moving along in technologies like cloud computing, artificial intelligence (AI), machine learning (ML), robotics, IoT, augmented and virtual reality (VR) Big data, analytics and Cybersecurity.

List of Top 10 IT Companies in USA in 2023 by Revenue and Market Capitalization.

Top 10 IT Companies in USA
Top 10 IT Companies in USA

Here are the lists of top 10 IT companies in USA in 2023. The list is ranked based on Total Revenue and Market capitalization in recent years.

1. Microsoft Corp. (MSFT)

Microsoft Corporation, the Redmond, Washington, USA-based company. Microsoft retains the top position among software companies in the USA.

selling computer software, most notably the Windows operating system, the Microsoft Office suite, Internet Explorer and Edge web browsers. It is also involved in consumer electronics with the Xbox video game consoles, touchscreen personal computers with Microsoft Surface, and related services.it is the Largest IT Company in USA by Revenue and Total Market capitalization for an IT company worldwide.

Microsoft is the 1st-largest company in USA in terms of Market Capitalization. It is the largest in the list of top 10 IT companies in USA in 2023.

CEO:- Satya Nadella 
Headquarters:- Redmond, Washington, United States
Revenue:- 16,800 crores USD
Market Cap:- 2,576.06B
Employees:- 181,000 (2021)

2. Adobe Systems, Inc. (ADBE)

The company was founded in 1982 by John Warnock and Charles Geschke. While employed at Xerox Corporation’s Palo Alto (California) Research Center (PARC), the two computer scientists had developed a programming language specially designed to describe the precise position, shape, and size of objects on a computer-generated page. 

This page description language, later known as PostScript, described such objects as letters and graphics in mathematical terms, without reference to any specific computer or printer; any device capable of interpreting the language would be able to generate a representation of the page at any resolution the device supported. 

When Xerox declined to bring the technology to market, Warnock and Geschke formed their own company to do so, naming it after a creek near their homes.

Adobe is listed on NASDAQ. Adobe, primarily known for its product Acrobat Reader, has a diversified portfolio of offerings.

Adobe has a wide range of software services and products for content management, products, and media, compatible across a range of systems and devices.

Nowadays, Adobe has a market cap of $162.1B, an EPS of 6.60, and a high P/E ratio of 50.84 Adobe ranks among the top U.S. software companies. It is considered one of the US’s best USA-based IT companies.it is also an international company.

CEO:- Shantanu Narayen 
Headquarters:- San Jose, California, United States
Revenue:- 1,286.8 crores USD
Market Cap:- 327.53B
Employees:- 22,516 (2020)

3. Oracle Corp.(ORCL)

Oracle Finance is a global leader in database solutions and an established provider of middleware, services, enterprise software, and products, along with computer hardware.

Oracle is one of the US’s excellent USA-based IT companies mentored by Larry Ellison and on the list of the top 3 IT companies in USA.

It has primarily grown based on global acquisitions. Its P/E ratio is 15.07, the market cap is reported to be $153.7B, and its EPS is 3.18.

Oracle builds enterprise information management software for workstations, network computers, mainframes, PCs, personal digital assistants, and other devices.

Oracle remained a leader in database technology, with versions available for many different operating systems and for a variety of computers ranging from large mainframes to microcomputers. With the purchase of Sun Microsystems, Oracle acquired the computer programming language Java and the operating system Solaris and the popular open-source database MySQL, which Sun had acquired in 2008 for $1 billion. 

The European Union, before it approved the purchase in January 2010, required assurances from Oracle that it would continue to develop and support MySQL.  

Later that year, Oracle filed a multibillion-dollar lawsuit against Google, Inc., alleging that Google had illegally used elements of Java in its development of the Android operating system for mobile phones. After years of litigation and a remanded trial, a jury found in 2016 that Google had not violated Oracle’s copyrights.

CEO:-Larry Ellison
Headquarters:- Austin, Texas, United States
Revenue:- $40.47 billion (2021)
Market Cap:- $ 217.33B
Employees:- 132,000 (2021)

4. Salesforce.com, Inc.(CRM)

Salesforce is one of the new-age USA-based IT companies that started working on Digital Transformation projects earlier than some of the USA’s biggest IT companies.

Salesforce is a cloud computing service as a software (SaaS) company that specializes in customer relationship management (CRM). Salesforce's services allow businesses to use cloud technology to better connect with customers, partners, and potential customers.

The software has become the number one for customer success and helps businesses track customer activity, market to customers, and many more services.

The company is a service as a software (SaaS) - which means it uses a cloud-computing, software distribution model that hosts applications and makes them available online.

According to the company, Salesforce's sales cloud gives companies the ability to track contacts, and opportunities and manage a team to increase sales. The service cloud allows companies to connect with customers and deliver premium customer service by showing customer activity and resolving issues. 

With their marketing cloud, Salesforce helps companies track customer journeys while providing multichannel marketing campaigns. In contrast, their community cloud allows companies to directly interact with their customers and allows their customers to interact with each other. 

CEO:- Marc Benioff
Headquarters:- San Francisco, California, United States
Revenue:-$21.25 billion (2021)
Market Cap:-$294.84 Billion 
Employees:- 79,390 (January 31, 2023)

List of Top 10 IT Companies in USA by Revenue and Market Capitalization
List of Top 10 IT Companies in USA

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5. International Business Machines Corp.(IBM)

IBM, in full International Business Machines Corporation, leading American computer manufacturer, with a major share of the market both in the United States and abroad. Its headquarters are in Armonk, New York.

It was incorporated in 1911 as the Computing-Tabulating-Recording Company in a consolidation of three smaller companies that made punch-card tabulators and other office products. 

The company assumed its present name in 1924 under the leadership of Thomas Watson, a man of considerable marketing skill who became general manager in 1914 and had gained complete control of the firm by 1924.

Watson built the then-floundering company into the leading American manufacturer of punch-card tabulating systems used by governments and private businesses. He also developed a highly disciplined and competitive sales force that adapted the company’s custom-built tabulating systems to the needs of particular customers.

In 2023 IBM is the top 5 best companies with a $ 124525.75M market cap.

CEO:-Arvind Krishna
Headquarters:-Armonk, New York, United States
Revenue:-7,362 crores USD (2020)
Market Cap:-$ 124525.75M
Employees:-3,45,900 (2020)

6. Hewlett-Packard Co.  (HPQ)

The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. 

The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'".

In 1999, HP spun off its electronic and bio-analytical test and measurement instruments business into Agilent Technologies; HP retained the focus on its later products, including computers and printers.

It merged with Compaq in 2002 and acquired Electronic Data Systems in 2008, which led to combined revenues of $118.4 billion that year and a Fortune 500 ranking of 9 in 2009. 

In November 2009, HP announced its acquisition of 3Com and closed the deal on April 12, 2010. On April 28, 2010, HP announced its buyout of Palm, Inc. for $1.2 billion. On September 2, 2010, HP won its bidding war for 3PAR with a $33 a share offer ($2.07 billion), which Dell declined to match.

CEO:- Enrique Lores
Headquarters:- Palo Alto, California, United States
Revenue:- 5,664 crores USD
Market Cap:- 3.66TCr
Employees:- 53,000 (2020)

7. Intuit Corp. (INTU)

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. 

The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProConnect. 

The Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Online Advanced, a cloud-based solution; QuickBooks Enterprise, a hosted solution; QuickBooks Self-Employed solution; QuickBooks Commerce, a solution for product-based businesses; QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; and payroll solutions, such as online payroll processing, direct deposit of employee paychecks,

CEO:- Sasan K. Goodarzi 
Headquarters:- Mountain View, California, United States
Revenue:- 963.3 crores USD
Market Cap:- 17.91TCr
Employees:- 10,000

8. PayPal

PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that supports online money transfers and serves as an electronic alternative to traditional paper methods such as checks and money orders.

PayPal is one of the best IT companies in USA with a market cap 22.06TCr. .it is also listed in the top 10 IT companies in USA in 2023.

CEO:-Dan Schulman 
Headquarters:-San Jose, California, United States
Revenue:-2,145 crores USD (2020)
Market Cap:-22.06TCr.
Employees:-26,500 (2020)

9. Mastercard

Mastercard Inc. is an American multinational financial services corporation headquartered in the Mastercard International Global Headquarters in Purchase, New York. 

It is a technology firm in the global electronic payment industry responsible for processing electronic payments, through its full range of payment programs and services. It partners with various institutions worldwide to connect different participants in various types of transactions, including businesses, financial institutions, merchants, and consumers using its branded electronic payment cards.

MasterCard releases its quarterly and annual reports that show revenues and gross dollar volume. The values show the sum of money comprehensively transacted on all its branded cards issued. Strategic partnership with key market players helps MasterCard to offer several types of cards while diversifying its customer base in the new and existing markets. Its electronic payment cards comprehensively include debit, credit, and prepaid cards.

It's market cap. apporexmectly 334.94B and it's in the 8th position in the list of top 10 it companies in USA.

CEO:- Michael Miebach 
Headquarters:- Purchase, Harrison, New York, United States
Revenue:- 1,530 crores USD (2020)
Market Cap:- 317.03B
Employees:- 21,000 (2020)

10. Nvidia

Nvidia Corporation is an American multinational technology company incorporated in Delaware and in Santa Clara, California. It designs graphics processing units for the gaming and professional markets, as well as systems on chip units for the mobile computing and automotive market.

It operates the GeForce brand of GPUs, and Tegra mobile processors, and expanded in gaming with the Shield brand of handled devices, tablets, and Android TV. Nvidia now also produces chips for supercomputers, especially powering artificial intelligence and scientific research applications.

it is one of the best IT companies in USA with a revenue of 1,092 crores  USD. It is one of the fast-growing IT companies in USA.

CEO:- Jensen Huang
Headquarters:- Santa Clara, California, United States
Revenue:- 1,092 cr. USD
Market Cap:- 81.68TCr
Employees:- 18,100 (October 2020)

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Frequently Asked Questions

Q1. How many IT companies are there in USA?

Ans:- In U.S. there are more than 586,520 individual tech companies available.

Q2. Which is the top 10 IT company?

Ans:- In Above Post we listed the Top 10 IT companies in USA According to their Revenue and market cap. Here is the list 1. Microsoft Corp. (MSFT), 2. Adobe Systems, Inc. (ADBE), 3. Oracle Corp.(ORCL), 4. Salesforce.com, Inc.(CRM), 5. International Business Machines Corp.(IBM), 6. Hewlett-Packard Co.  (HPQ), 7. Intuit Corp. (INTU), 8. PayPal, 9. Mastercard, 10. Nvidia.

Q3. What is the top IT company in USA?

Ans:- According to total revenue and market cap Microsoft is the Top IT company in USA.

Q4. Which city has highest IT companies in USA?

Ans:- San Francisco is the city that has the highest number of IT companies in USA.

Conclusion

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