Europe's Top Software Firms in 2014
Venture capital firm
Truffle Capital releases the 9th Truffle 100 Europe list-- the
ranking of the top 100 European software vendors (ISVs), a
collaboration with analysts CXP and IDC, and Essec Business School.
The top 5 remains unchanged from 2013,
and is occupied by SAP, Dassault Systeme, Sage, Hexagon and Wincor
Nixdorf. As a result the top 3 European nations also remain the same,
being Germany, the UK and France.
The top 5 account for 53% of total European sales and profits, a
sign of lasting industry concentration.
The Truffle 100 also serves as a gauge on the health of the
industry-- as such it marks a return to profitability in the
continent, as profits are up by 8%. It also points out an improvement
in financial strength with 50 companies reporting revenues over €200
million (a 19% increase over the 2013 ranking) while 67 companies
have turnovers worth over €100m.
However the year also sees "sharp" declines in revenue
growth (2.7%), while R&D investment only sees a slight increase
from €6.8 to €6.9bn.
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