The Top 100 European Software vendors

A profitable industry

3.2 bn€ aggregated net profits,
up from 2.8bn€ last year

11 % of revenues (10.7% last year)

  Revenues Truffle 100 Profit Truffle 100 Profits last year

SAP

42 %

60 %

67 %

TOP 3

55 %

73 %

83 %

TOP 5

59 %

75 %

90 %

TOP 50

91 %

95 %

97 %

Size matters, with limitations: the most profitable companies are not the biggest

Profits grow with size, but not linearly

Profitability
(% of revenues)

Top 3

9.6

Top 50

12.5

Last 50

0.7

… and growing fast

Revenues growth year on year: +10.3 %

Despite significant consolidation at a global level

European, software vendors growth, 2008

Dependant on capital markets

84 % of  the Truffle 100 are quoted
They account for 94 % of sales
… and 98.2 % of profits

Breakdown by country

Countries % of Truffle 100 Number of vendors % of population*

DE

48.1 %

11

17.6 %

UK

18.2 %

22

12.7 %

FR

11.8 %

20

12.8 %

Nordic countries

8.8 %

23

5.2 %

IT

7.6 %

12

12.3 %

NL

2.8 %

4

3.5 %

*Total population, UE (25 countries) + Switzerland + Norway= 469 M

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 exclusively on the basis of the data declared and submitted by each company taking part and, at the exception of Italy, validated in some cases by external sources. Information of a confidential nature (e.g. net income), are only presented on an aggregated basis. The authors are not responsible for any content or error, omission or inaccuracy related to content communicated by third parties.

Surveys and compilation:

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

Publication Manager :

  • Bernard-Louis Roques- bernie@truffle.com