Microsoft was ranked No.5 in the list of World’s Most Innovative Companies by 24/7 Wall St. Based on data from global patent data compiler,IFI Claims Patent Services, 24/7 Wall St compiled that these are the world’s most innovative companies.
To identify the 10 most innovative companies, 24/7 Wall St. reviewed the companies with the 50 highest total number of patent grants in 2014 from IFI Claims Patent Services. Patent data from previous years also came from IFI Claims Patent Services. When available, financial data came from the companies themselves or Google Finance. Sales figures from non-U.S.-based companies were converted to U.S. Dollars using exchange rates
5. Microsoft Corp (MSFT)
> 2014 patent grants: 2,829
> Country: United States
> Sales: $91.5 billion
Microsoft Corporation spent far more on R&D than the vast majority of companies. In fiscal 2014, Microsoft spent nearly $11.4 billion on R&D, a substantial increase from the year before, when it spent roughly $10.4 billion. The company’s routinely large investments likely contributed to the company’s large number of patents — 2,829 were awarded to Microsoft in 2014, a 6% increase from 2013. Microsoft is known for its near ubiquitous software products Office and Windows. However, the company is also part of the rapidly growing cloud computing industry. With cloud computing giants like IBM, Samsung, and Amazon.com already well-established in the sector, it may surprise some that Microsoft has reported dramatic growth rates for its cloud products. Microsoft’s Xbox has meanwhile become one of only a few dominant gaming consoles.