The Top 100 European Software vendors

Profitable !

2.8 bn€ aggregated net profits 10.7 % of revenues

  % Revenues Truffle 100 % Profit Truffle 100

SAP

36 % 67 %
TOP 3 46 % 83 %
TOP 5  51 % 90 %
TOP 50 87 % 97 %
The bigger, the more profitable

Profitability
(% of revenues)

for top 3 8.8 %
for top 50 10.3 %
for last 50 3 %

… and growing

Revenues growth year on year: +6.6 % 
Despite significant acquisitions by US vendors

Access to capital markets

85 % of the Truffle 100 are quoted
They account for 92 % of sales … and 99 % of profits

Getting more diversified

  • One third of the Truffle 100 are in the ERP or related business
  • Another third is composed of infrastructure software vendors
  • Other important areas
  • Security software : Sophos (UK), Beta Systems (DE), F-Secure (FI)
  • Public sector :     Northgate, Anite, Civica (UK)
  • Financial software :    Mysis, Fidessa (UK), Visma (NO), Simcorp (DK), GL Trade, XRT (FR),  Temenos (CH)

The Truffle 100 is compiled from survey & research conducted by IDC & CXP. Europe is defined as: EU 25 countries + Switzerland + Norway. The companies taking part have certified that they operate under European law and that their headquarters and R&D are based in Europe (as defined above). The ranking was made on the basis of the data declared and submitted by each company taking part, validated in some cases by external sources. Information of a confidential nature (e.g. net income), are only presented on an aggregated basis. In compiling this ranking, the authors have exercised their best efforts to minimize the risks of errors and omissions inherent to publications of this type.

Surveys and compilation:

  • Stephane Krawczyk - skrawczyk@idc.com
    Catherine Brault - cbrault@lecxp.com

Publication Manager :

  • Bernard-Louis Roques- bernie@truffle.com