IT software companies are the driving force behind a vast array of technology, and their impact on our lives is snowballing with each passing day.
The software industry has come a long way in the past decade. What makes these computer software companies successful? Where do they stand in the global market today?
This article will look at the ten best software companies leading the way in IT and reshaping the world’s dynamics.
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#1 – Microsoft Corp. (MSFT)
The largest software company in the world is Microsoft Corp. (MSFT). MSFT is best known for providing Windows computer operating systems software, Office applications suite, and the Azure cloud computing service. Moreover, this IT software company also specializes in developing server applications, tablets, and video game consoles.
This world’s no.1 IT company trades at NASDAQ, and investors can day-trade and hold their investments in MSFT to enjoy the perks of the biggest software company. This IT software company has shown a revenue of 192.6 billion dollars, with a net income of 72.5 billion dollars during the year ended 2022.
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#2 – Oracle Corp. (ORCL)
The second world’s best software company is Oracle Corp. (ORCL). ORCL deals in cloud infrastructure and enterprise software applications, which also include database software. These IT products are mainly responsible for ORCL’s success.
Moreover, they also specialize in providing server and storage hardware and distributing Java programming tools. This IT software company also designed a vast range of software to be used in multiple departments, like sales, service, marketing, finance, human resources, logistics, and manufacturing.
ORCL stock is listed on New York Stock Exchange. Among the best software companies list, ORCL has posted a revenue of 41.8 billion dollars, with a net income of 7.6 billion dollars during the year ended 2022.
#3 – SAP SE (SAP)
SAP is a German-based multinational software company with a specialty primarily in enterprise software to manage business operations and customer relations. Along with various services like training and consulting on software management and integrations, SAP has also niched down in providing management and e-commerce software.
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Investors looking to invest in the biggest software companies should consider SAP’s stock on New York Stock Exchange. During the year ended 2022, SAP has revealed revenue of 33.2 billion dollars, with a net income of 5.8 billion dollars.
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#4 – Salesforce Inc. (CRM)
Among the top IT companies in the world, Salesforce leads in the provision of customer relationship management software and services for business clients. This IT software company supplies an extensive list of tools catering to customer service, operations, marketing automation, sales, etc.
Slack (one of the most iconic workplace collaboration messaging services) is also owned and dictated by Salesforce. Its cloud-based platform empowers corporations to create and run business-related applications.
Salesforce Inc. posted a compelling revenue of 26.5 billion dollars with a net income of 1.4 billion dollars last year, and its stock trades on the New York Stock Exchange.
#5 – Block Inc. (SQ)
Block, formerly known as Square, governs peer-to-peer payments through its popular CashApp. It is primarily a payments software company. It also provides practical tools for digital receipts, inventory analysis, and sales reports on top of point-of-sale software and hardware products.
This software company can be a good choice for investment, as it’s becoming apparent that it will be in profits soon. It has made a revenue of 16.6 billion dollars with a net loss of 76.9 million dollars. Its stock trades on the New York Stock Exchange.
We have covered the top 5 IT companies in the world. Let’s glance at some more companies to reap dividends on the potential investment.
#6 – Adobe Inc. (ADBE)
Whenever the word “Graphic Design” appears, the contributions of Adobe Inc. in that domain will always be remembered. This top-notch IT software company is probably behind every graphic design you see on the internet. Its famous inventions have been responsible for making the life of people easier.
Adobe Inc. sells well-known software like Adobe Illustrator and Adobe Photoshop. You can view a full suite of Adobe products here.
ADBE trades on NASDAQ and has posted a whopping revenue of 16.1 billion dollars with a net income of 4.8 billion dollars in its recent year-end, making it one of the top software companies in the world.
#7 – VMware Inc. (VMW)
VMware is predominantly a cloud computing and virtualization software company with a bent on computer technology management products. This IT software company makes its users imitate personal computer operating environments on its servers or desktop processors.
VMW trades on the New York Stock Exchange. Its recent year-end financial statements have duly reported a revenue of 12.9 billion dollars with a net income of 1.8 billion dollars, making it one of the best software companies to invest in.
#8 – Intuit Inc. (INTU)
Every business in the world needs to keep its books. This is where Intuit Inc. hops in and collaborates with consumers, small businesses, and accountants in bookkeeping through its infamous accounting software, QuickBooks. Additionally, it also provides tax preparation software known as TurboTax.
INTU trades on New York Stock Exchange. It has shown a revenue of 11.4 billion dollars and a net income of 2.2 billion dollars, making it one of the biggest software companies to become an investor in.
#9 – Compass Inc. (COMP)
Compass is an online real estate platform. It has integrated a marketing and customer relationship management software suite with its platform. They have a deep interest in high-margin, luxury homes in the best markets.
COMP trades on New York Stock Exchange and has posted a revenue of 6.7 billion dollars with a net loss of 469.7 million dollars in its most recent fiscal year-end.
#10 – ServiceNow Inc. (NOW)
The last company in our biggest software companies list is ServiceNow. ServiceNow is best known for rendering IT services management and its cloud computing platform, which focuses on optimizing digital workflows. Its primary target market is enterprise clients.
NOW trades on New York Stock Exchange and has reported a revenue of 6.3 billion dollars with a net income of 223 million dollars in its recent year-end.
What is a software company?
A software company is a business that develops and sells software. Software is any set of instructions, procedures, or guidelines that can be used to make a computer perform a specific task. Many kinds of software exist, including applications, operating systems, databases, and web browsers.
Conclusion
This guide has covered the biggest software companies where investors can bet their hard-earned money to reap dividends and capital gains as rewards. We have categorized this list based on these IT software companies’ revenue in their financial statements. We assume that the information in this article will be helpful for you in making sound investment decisions.
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