The Top 100 European Software vendors

Profitability under pressure



  Profits  
% 2008 2009 2010 2011 2012 2013 2014 Revenues T100
SAP 51 46 31 52 48 52 51 39
TOP 3 62 58 40 60 58 59 60 47
TOP 5 67 66 44 66 65 67 68 53
TOP 10 67 66 52 79 79 79 80 63
TOP 50 92 91 84 96 95 97 97 91

The bigger, the more profitable

Profitability % of revenues Profits €m
  2010 2011 2012 2013 2014  
TOP 3 15.2 22.9 17.0 18.5 17.7 3804
TOP 25 12.0 12.9 11.7 5301
TOP 50 12.2 13.5 10.8 12.1 11.1 6174
BOTTOM 50 10.6 5.2 4.6 2.6 3.2 201
BOTTOM 25 13.4 6.9 6.8 7.9 2.3 40

Profit rate




Publicly traded