Five Indian tech companies feature in ‘Top 100 Global Tech Leaders List’

Jan 17, 2018 15:36 IST
Five Indian tech companies feature in ‘Top 100 Global Tech Leaders List’

Thomson Reuters Corp on 17 January 2018 published its debut ‘Top 100 Global Technology Leaders’ list, which was topped by Microsoft, followed by Intel Corp and Cisco Systems at the 2nd and 3rd position respectively.

The list, which aims to identify the industry's top financially successful and organisationally sound organisations, also features American tech giants such as Apple Inc, Alphabet Inc, International Business Machines Corp and Texas Instruments Inc among its top 10.

The other companies to feature in the Top 10 include Microchip maker Taiwan Semiconductor Manufacturing, German business software giant SAP and Dublin-based consultant firm Accenture.

The remaining 90 companies are not ranked and among them fall the world's largest online retailer Amazon and social media giant Facebook.

Performance Assessment

The results are based on a 28-factor algorithm that measures performance across eight benchmarks, which include finance, management and investor confidence, risk and resilience, legal compliance, innovation, people and social responsibility, environmental impact and reputation.

The assessment tracks patent activity for technological innovation and sentiment in the news and selected social media as the reflection of a company's public reputation.

The selection of the tech companies is restricted to those that have at least $1 billion in annual revenue.

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Which country fared the best?

• According to the list, 45 percent of the top 100 tech companies are headquartered in the United States, which inevitably places the nation at the top.

• Japan and Taiwan are tied for second place with 13 companies each, followed by India at the third place with five tech leaders on the list.

• Judging by continent, North America tops with a total of 47 companies, followed by Asia with 38, Europe with 14 and Australia with one.

• The strength of Asia highlights the growth of companies such as China’s Tencent Holdings Ltd, which became the first Asian firm to enter the club of companies worth more than $500 billion and surpassed Facebook in market value in November.

Reliance Jio plans to launch its own cryptocurrency 'JioCoin'

Source: Reuters

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