Fortune 500's 2021 list is officially out, and the Austin metro saw two companies crack the list this year, with two others making the top 1,000.
While the Texas capital doesn't boast as many Fortune 500 headquarters as some other cities, its reputation as a tech hub and a Californian's paradise is still well-represented.
Oracle, which uprooted its headquarters from California to Austin last year, made the top 100 in the 80th slot this year, while Round Rock's own Dell was No. 28. Companies with large ties, including Tesla, Amazon, Apple, Facebook, and Google all cracked the top 100. And despite a tumultuous economic year, each of the Fortune 1,000 companies HQ'ed in Austin saw growth in 2020.
Here's a look at Austin companies that made the Fortune list:
28. Dell Technologies
Dell thrived during the pandemic by helping employees across the country adjust to remote work (Dell/Facebook)
Dell, which has been rooted in Austin since Michael Dell started the company as a University of Texas-Austin student in 1984, made the top 30. The computer manufacturer moved up six slots this year, is listed on the Global 500, and is one of the 100 most profitable corporations in the Fortune 500.
Dell is the second-largest non-oil company in Texas and the sixth biggest company in the state by revenue. As a global power, it is the largest shipper of PC computers in the world.
To cope with the pandemic, Dell decided to double down on work rather than hit the pause button. Dell gained 8,000 more employees in 2020 and employed a record of 165,000 worldwide as it shifted to push 90% of its employees into remote work. The company's emphasis on digitization and mobile technology for consumers during the pandemic paid off—the company had record revenue in 2020.
Dell, with multiple local offices, currently employs around 13,000 people in Central Texas and plans on keeping most of its employees in a remote or hybrid work format.
Oracle's Austin campus, which is now the company's headquarters, opened in 2018. (Oracle/Facebook)
Oracle, a global corporation that sells database, software and cloud technologies, was one of the major tech companies to announce its relocation of its headquarter to Austin from Southern California in 2020, after establishing a half a million-square-foot facility on East Riverside in 2018.
The corporation rose up two spots to No. 80 on the Fortune 500 in 2021 and is one of the 100 most profitable on the list. Oracle also cracks the Global 500 and is one of 71 Fortune 500 companies to have a female CEO, Safra A. Katz.
During the pandemic, Oracle faced big changes. Aside from moving its headquarters across states, the company began using artificial intelligence, augmented reality and voice commands (instead of "Hey, Siri", think "Hey, Oracle") to help companies move into the cloud.
According to Shailesh Singla, Country Head & Senior Director, Employee Experience/HCM Business at Oracle, the pandemic actually sped up digital technology, especially using AI as a human resources function, by many years.
Tesla's newest plant, Giga Texas, is set to be completed by the end of 2021. (Tesla Owners of Austin/Twitter)
While electric car giant Tesla hasn't moved its headquarters to Austin (although teased last year), its CEO Elon Musk, has already made the move. The man who called Austin a "boomtown" has plans to manufacture the company's Cybertruck and Model Y products out of the Giga Texas plant, set to be completed later this year in southeast Travis County.
The electric vehicle company just reaches the top 100 in the Fortune 500 list, rising 24 slots in the rankings. The company has seen job growth as Tesla works to employ nearly 10,000 Austin-area residents at the new Texas plant.
Musk famously had run-ins with COVID policies in California, where he was originally located, spurring him to join the California migration in the summer of 2020. Tesla famously struggled in its first decade of existence, but the EV entity grew more than a cult following during the pandemic. In April, the company reported its third consecutive profitable quarter for the first time, and Musk's net worth swelled to $155 billion.
Musk's former company PayPal also cracked the list at 134 on the Fortune 500. Musk used the funds from when the company went public to create the companies for which he is now famous, including Tesla, SpaceX and Neuralink.
523. Resideo Technologies- Fortune 1,000
Resideo Technologies streamlines home security and climate control worldwide. (Resideo Pro/Facebook)
While not quite cracking the Fortune 500 list, Resideo Technologies nearly made the list as a rising star in smart home technologies. The company is the No. 1 global distributor of home security products and employs over 14,000 worldwide. Resideo combines home necessities, including air conditioning, security systems, and water and energy conservation tools to give consumers a holistic product.
The company saw job growth in 2020 despite the pandemic as more consumers spent time at home. Over 15 million systems were installed last year, accounting for $5.1 billion in sales. Resideo bottomed out at the start of the pandemic but saw revenues rise by 10% from January to November 2020, surprising Wall Street investors.
627. Digital Realty Trust- Fortune 1,000
Digital Realty Trust owns two data centers in Austin and has influence worldwide as a real estate investment corporation. (datacenterdynamics.com)
Digital Realty Trust is another global giant that made its way to Austin during the pandemic. The real estate investment entity, which provides data center services worldwide, moved its headquarters to the Texas capital in January 2021 and has since seen revenue grow 32.4% to $1.1 billion just this year.
Only 5% of the company's investments in retail, energy, travel and lodging were at serious risk due to COVID. Although it only employs about a dozen at its Austin headquarters, it has a major footprint in Texas and owns 30 data centers in the state.
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Republic Square Park has turned into a Ford-themed fiesta for its Built to Connect pop-up experience, complete with test drives, off-roading and an inside look at the Tesla-rivaling electric vehicles that the motor vehicle company is planning to integrate over the next decade.
The outdoor driving event is free, open to the public and will stay in the park from now until Oct. 24, offering rides on Bronco Mountain, a 0-40 mph zip in the 2022 all-electric Ford F-150 Lightning and a chance to win an original Ford Bronco.
The event kicked off with a panel of speakers, including Austin Director of Transportation Rob Spillar, Ford General Manager Darren Palmer and engineering specialists discussing Ford's goals to make it so that 50% of the vehicles on the road are electric by 2030.
As an eco-conscious city, Spillar said that around 4,000 vehicles, or 22% of the Texas electric vehicle market, as well as over 15,000 plugins lie in Austin, meaning driving electric just got accessible.
"Austin, as you know, is a fast-growing modern city that is committed to protecting the long term health and viability of our communities and strategies that reduce greenhouse gases, mitigate the effects of climate change and improve the drone quality of life here in Central Texas for all of our residents," Spillar said.
And Ford's electric vehicles are putting up some steep competition for newly-Austin-based company Tesla. The new electric Mustang Mach-E and F-150 Lighting offer amenities that used to be exclusive to Musk's brand, such as the BlueCruise self-driving network. The cars also boast a 300-mile range on a single charge, assisted reverse technology and access to the biggest charging network outside of the home.
Plus, Ford's got affordability on its side. The F-150 Lightning starts at $39,974 and the Mustang Mach-E starts at $42,895, while the cheapest Tesla model, the Model 3, starts at $41,990 and averages 262 miles on a single charge.
Speaking of price, the numbers on the electric vehicles may look like a little more than you'd like to pay for your transport, but Palmer promises it will pay off. In addition to a $7,500 tax credit you can earn for your sustainability, you'll never have to buy a pricey tank of gas again.
"Personally, I have not found one customer ever, who would go back to gas so that says something," Palmer said. "I realized, at $51,000, that car outruns every childhood hero car I ever had."
Texas buyers: take note. The Ford Lightning can power your house for three to 10 days, just in case the statewide power grid fails. You can take it glamping with you, so you don't have to leave the comfort of modern life behind, and in a pinch, Palmer said he's even seen a wedding party powered by the truck.
Ford is investing $30 billion into the U.S. market to meet demand by 2025 and the new electric truck already has over 150,000 reservations.
"I think they're going to take off much faster than you expect—they're going to be extremely, extremely popular next year," Palmer said. "With the incentives that are available today, this is starting to become more mainstream and viable for more and more families. We couldn't have done that before, we didn't have the technology, or the technology at that price."
The event is ongoing through next weekend from 12-9 p.m. Monday-Friday and 9 a.m.- 8 p.m. Saturday and Sunday.
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The Austin Police Department is searching for a man who is believed to be behind a series of robberies that is "sexual in nature and is escalating."
Three robbery cases that took place in North Austin within a 30-day period are being investigated by police, who report the victims all had similar descriptions for suspects in the case. The suspect is described as a 20-25-year-old Spanish-speaking Hispanic man, approximately 5'3, thin build, recently shaved with black hair. Police say he is known to typically wear athletic clothing and used a knife on each of the victims.
Here's a breakdown of the cases:
1. At 7:56 a.m. on Sept. 22 at the 1600 block of Rutland Drive, a woman was walking alone and returning from her child's school when a suspect walking by inappropriately touched her. The suspect then grabbed her by the arm, threatened her with a knife and demanded "her property."
2. At 8:10 a.m. on Oct. 11 at 1700 block of Colony Creek Drive, a woman was walking to her child's school when a man approached her with a knife and then demanded her personal items. The suspect then said he would return the items in return for sex.
3. At 11:03 a.m. on Oct. 13 at the 9300 block of Northgate Boulevard, a woman was with her child in the laundry room of an apartment complex when a man walked in performing a sexual act. The suspect demanded personal items from the victim, threatening to hurt the victim and take her child.
Police cautioned the public to walk without earbuds, stay alert and report suspicious activity to the police.
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