Microsoft, PepsiCo on Fortune Global |
Fortune Magazine in July 2018 announced its annual Global 500 list with Indian American-led companies Microsoft and PepsiCo among those making the cut. The world`s 500 largest companies generated $30 trillion in revenues and $1.9 trillion in profits in 2017. Together, this year`s Fortune Global 500 companies employ 67.7 million people worldwide and are represented by 33 countries. Microsoft landed at No.71 on the list, just two spots down from where the tech company sat a year ago. The Satya Nadella-led company’s foray into cloud computing continues to pay off, according to Fortune. In March, Microsoft CEO Satya Nadella reorganized the company to deemphasize the once mighty Windows operating system in favor of the faster growing Azure cloud computing business. The tweaks were important, both strategically and symbolically. Microsoft may have missed out on the rise of mobile, but it’s going full steam ahead in the cloud. Buoyed by strong growth over the past year, the company’s shares soared 40 percent during the 12 months ending in May.The 124,000-employee run Microsoft $21.2 billion in profits over the past year, according to the publication. In total, Microsoft had revenues of nearly $90 billion. The Indra Nooyi-run PepsiCo came in at No.144 on the list, down 13 spots from its No.131 ranking in 2017.
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