Analysis on the Performance of Technology Companies Using TOPSIS Model

Information Technology (IT) plays a central role in the information age. IT is a combination of communication technology and computer technology. The advancement and development of IT is a great achievement for a nation that is beneficial to society, organizations and all the people over the world. IT can offer a good opportunity for companies to introduce new products and services quickly, possess the potential to reach more customers and collaborate with business partners and global suppliers. This study is conducted to determine the financial performances of the IT companies with the proposed Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) model. Moreover, the ranking of the companies is identified according to their performances. The findings demonstrate AAPL outperformed the other companies in terms of financial performance. This study highlights the significance of the assessment, comparison and ranking of the financial performances of IT companies by using the proposed TOPSIS model.