Top tech companies in the Fortune 500

Fortune magazine has released the names of the top 500 companies in the U.S. by revenue, and tech companies feature prominently in the list.

By - May 12, 2012
Fortune 500 small

Fortune magazine has released the names of the top 500 companies in the U.S. by revenue, and tech companies feature prominently in the list, forging a profitable path in the top 100.

The top company in the U.S., by revenue, is the world’s largest publicly traded international oil and gas company, Exxon Mobil, seeing 2011 revenues of $452.926 billion and profits of $41.060 billion.

Chasing up the second and third rankings are Wal-Mart and Chevron, with 2011 revenues hitting $446.950 billion and $245.621 billion, respectively.

The top company involved in the tech space, and ranked 6th, is global infrastructure developer, General Electric (GE), which has strong operations within Africa and South Africa. GE has invested in major infrastructure and media projects in SA, such as emergency generators for Anglo Platinum and the CNBC Africa broadcast headquarters.

US mobile carriers, Verizon, AT&T as well as Sprint, feature prominently for telecoms in the top 100 companies, while Apple, IBM, Microsoft and Dell showed big earnings – listed in that order.

Oracle and Google, the companies currently emroiled in a high-class patent dispute were also ranked amongst the top 100.

Apple Inc. and eBay feature 2nd and 3rd as the fastest growing companies over the past decade, showing a 35% and 31,6% growth in revenues between 2001 and 2011, respectively.

Tech distributor, Ingram Micro, tops tech’s greatest growth in profits – ranked 4th, overall – showing a profit growth of 44% between 2001 and 2011.

Rank Company Revenues (Million US$) Profits (Million US$)
6 General Electric 147,616.0 14,151.0
10 Hewlett-Packard 127,245.0 7,074.0
11 AT&T 126,723.0 3,944.0
15 Verizon Communications 110,875.0 2,404.0
17 Apple 108,249.0 25,922.0
19 IBM 106,916.0 15,855.0
37 Microsoft 69,943.0 23,150.0
44 Dell 62,071.0 3,492.0
49 Comcast 55,842.0 4,160.0
56 48,077.0 631.0
73 Google 37,905.0 9,737.0
81 Ingram Micro 36,328.7 244.2
82 Oracle 35,622.0 8,547.0
90 Sprint Nextel 33,679.0 -2,890.0

Symantec (391), Western Digital (276) and eBay (228) featured lower down on list, while Yahoo! suffered a major slip to 483 on the list, seeing a 21.2% decline in revenues since 2010.

The full Fortune 500 list can be found here.

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Time’s most influential people in tech

Tech heavyweights compared

Forbes lists Africa’s power players

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