In today’s video we will look at top 5 ASX listed information technology stocks according
to their market capitalisation.
There are nearly 191 information technology companies listed on the Australian Stock Exchange.
The information technology industry consists of three industry groups, software & services
industry group, technology hardware & equipment industry group and semiconductors & semiconductor
equipment industry group.
Well on that note let’s take a look at top 5 ASX listed information technology stocks.
Coming in at number five is NEXTDC.
The company was listed in 2010 and is engaged in the development, construction and operation
of data center facilities.
Custom Colocation, AXONVX and ONEDC are the solutions offered by the company.
NEXTDC has a market capitalisation of $5.27 billion as of August 19.
Meanwhile, shares of NEXTDC have gained nearly 167 percent from the past five years as August
19.
In the past 5 years NEXTDC shares have grown from AU$4.25 to AU$11.36.
Number 4.
Xero Limited is a public software company based out of New Zealand that provides cloud-based
accounting software services and connects small and medium-sized businesses with their
advisors.
The company has more than 1.38 million customers in more than 180 countries, integrated with
more than 700 applications.
Xero stands with the market capitalisation of $13.60 billion as of August 19.
Xero shares have gained whooping 265 percent from the past 5 years.
Xero shares have grown from AU$24.51 to AU$89.28 in past 5 years.
Bringing in the top 3, is COMPUTERSHARE LIMITED.
The company’s initial ambition was to provide computer services to businesses that needed
to automate processes.
Eventually, they provided specialist computer bureau services to Australian share registrars,
something in which they quickly excelled.
COMPUTERSHARE was listed on the Australian Securities Exchange in 1994.
COMPUTERSHARE stands with the market capitalisation of $14.51 billion as of August 19.
COMPUTERSHARE shares have gained nearly 78 percent in the past five years.
COMPUTERSHARE shares have grown from AU$13.73 to AU$24.42 in past 5 years.
Coming in at number two, is WiseTech Global which is an IT company and software solutions
provider for the global logistics industry.
WiseTech is a leading global provider of logistics software with a presence in 130 countries
and over 7,000 customers.
The company records more than 44 billion data transactions annually.
WiseTech stands with a market capitalisation of $17.48 billion as of August 19.
WiseTech shares have gained nearly 597 percent in the past 5 years.
WiseTech shares have grown from AU$9.30 to AU$54.79 in past 5 years.
And coming in at number one, and no great surprise – it's Block Inc.
Founded in 2009, Block Inc. provides merchants with payment receipts and related services.
The company also launched Cash App, a peer-to-peer payment network.
Block has operations in Canada, Japan, Australia, and the UK and nearly five percent of sales
are generated outside the US.
Block Inc has a market capitalisation of $63.57 billion as of August 19.
Block shares have declined nearly 34 percent in the past year.
Block shares have fallen from AU$176.63 to AU$114.79.
So, there you have it the top 5 information technology companies on the ASX by their market
capitalisation.
Are you surprised to see Block topping the list?
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I’m James reporting for kalkine!