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In the modern world, software plays a pivotal role in the functioning of technology, shaping the way machines operate and even influencing human actions. Software, being computer code, boasts the unique characteristic of near-zero marginal reproduction costs. Moreover, the software industry thrives on large network effects, as widespread adoption enhances its utility. This leads to impressive revenue and profit margins for major software providers, particularly in the era of cloud computing and software-as-a-service subscription models. Below is a list of the top software companies, ranked by various financial metrics as of December 22, 2022:

List of the 10 Top Software Companies

  1. Microsoft Corp. (MSFT)
    • Revenue (TTM): $203.08 billion
    • Net Income (TTM): $69.79 billion
    • Market Cap: $1.82 trillion
    • Exchange: NASDAQ
    • Key Offerings: Windows operating systems, Office applications, Azure cloud computing, server applications, and more.
  2. Oracle Corp. (ORCL)
    • Revenue (TTM): $46.07 billion
    • Net Income (TTM): $8.80 billion
    • Market Cap: $219.74 billion
    • Exchange: New York Stock Exchange
    • Key Offerings: Cloud infrastructure, enterprise software applications, database software, hardware, and Java programming tools.
  3. SAP SE (SAP)
    • Revenue (TTM): $32.97 billion
    • Net Income (TTM): $3.52 billion
    • Market Cap: $122.57 billion
    • Exchange: New York Stock Exchange
    • Key Offerings: Enterprise applications, management software, e-commerce solutions, and software management consulting.
  4. Salesforce, Inc. (CRM)
    • Revenue (TTM): $30.29 billion
    • Net Income (TTM): $278 million
    • Market Cap: $130.30 billion
    • Exchange: New York Stock Exchange
    • Key Offerings: Customer relationship management (CRM) software, marketing automation, customer service, and workplace collaboration tools (e.g., Slack).
  5. Adobe Inc. (ADBE)
    • Revenue (TTM): $17.61 billion
    • Net Income (TTM): $4.7 billion
    • Market Cap: $158.71 billion
    • Exchange: NASDAQ
    • Key Offerings: Graphic design software (Illustrator), document editing (Acrobat), photo editing (Photoshop), and digital marketing solutions.
  6. Block Inc. (SQ)
    • Revenue (TTM): $16.96 billion
    • Net Income (TTM): -$503.75 million
    • Market Cap: $37.43 billion
    • Exchange: New York Stock Exchange
    • Key Offerings: Payments software (CashApp), point-of-sale solutions, and digital receipt and sales analysis tools.
  7. Intuit Inc. (INTU)
    • Revenue (TTM): $13.32 billion
    • Net Income (TTM): $1.88 billion
    • Market Cap: $110.50 billion
    • Exchange: NASDAQ
    • Key Offerings: QuickBooks accounting software, TurboTax tax preparation software, and financial products for consumers and small businesses.
  8. VMware Inc. (VMW)
    • Revenue (TTM): $13.17 billion
    • Net Income (TTM): $1.41 billion
    • Market Cap: $51.87 billion
    • Exchange: New York Stock Exchange
    • Key Offerings: Cloud computing and virtualization software for managing computer technology environments.
  9. Adyen NV (ADYEY)
    • Revenue (TTM): $8.14 billion
    • Net Income (TTM): $603.47 million
    • Market Cap: $43.61 billion
    • Exchange: Over-the-counter markets
    • Key Offerings: Payment platform with point-of-sale services, online and mobile payments, and data analysis integrations for businesses.
  10. ServiceNow Inc. (NOW)
    • Revenue (TTM): $6.92 billion
    • Net Income (TTM): $201 million
    • Market Cap: $79.17 billion
    • Exchange: New York Stock Exchange
    • Key Offerings: Cloud computing platform focused on optimizing digital workflows and IT services management for enterprises.

These top software companies demonstrate the enduring influence and profitability of the software industry in today’s technology-driven world.

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