(Fortune) -- Microsoft (Charts) ranks no. 140 on FORTUNE's Global 500 this year, with $39.8 billion in revenues, up 8% from the previous year. The Redmond, Washington-based company was ranked no. 127 on the 2005 list. Its 2005 profits were $12.3 billion, up 50% from a year earlier. 2005 was a banner year for most Global 500 companies.

It took $13.7 billion in revenue just to make this year's list - up from $12.4 billion last year. And profits for the 500 companies jumped 30%. Total revenues for the Global 500 in 2006 add up to $18.9 trillion, a third of the world's GDP.

In the Computer Services and Software industry, profits were up 15.5% from the previous year. The world's biggest companies in the sector are: Electronic Data Systems (Charts), ranked no. 316 on the Global 500 with $20.5 billion in revenues; Accenture Ltd. (Charts), ranked no. 379 on the Global 500 with $17.1 billion in revenues; and Computer Sciences (Charts), ranked no. 465 on the Global 500 with $14.6 billion in revenues.

The Global 500 list is an annual ranking of the world's largest corporations by revenues.

Next: Full list: 2006 Global 500 at http://money.cnn.com/global500

Plus: See Microsoft's Global 500 details, including financial stats and contact information.