Microsoft No. 49 on Fortune 500
ENT News | at | by Mike
Microsoft is America's 49th largest corporation, dropping one spot from a year ago in the Fortune 500 list released today.
Microsoft is the top-ranked software company in the list, with revenues of more than $44 billion. Revenues were up 11.3 percent over last year, when it ranked No. 48, and profits were up 2.8 percent from 2006.
Several IT-related companies ranked above Microsoft, but none are primarily software companies. Hewlett-Packard headed the list, coming in at No. 14 with $91.6 billion in revenues; IBM, right behind at No. 15 with $91.4 billion; and Dell placed 34th, at $57 billion.