Put together in collaboration with industry analysts IDC and CXP Group, which conducted the survey used for the ranking, and Essec Business School, The “Truffle 100 Europe” for 2014 highlights a return to growth with total revenues of €62.2 billion, up 8.3% compared to 2013 (+2.7% in 2013).
German publishers are continuing to lead the way (49.8% of total revenues with 17 companies) and the United-Kingdom comes second (12.4% with 19 companies), followed very closely by French software companies, which account for 12.2% of the ranking’s total revenues with 22 vendors (against 11.9% with 21 publishers in 2013).
At a company level, SAP continues to lead, followed by Dassault Systems. Sage and Hexagon occupy the 3rd and 4th position, respectively.
The 2014 figures also show a continuing trend towards revenue concentration among the top 25 software companies (up 2 points to 77%) and the growing reluctance of financial markets to invest in the sector, with both of these trends already under way in 2013. The ranking also highlights a strong commitment from companies to innovation and R&D, with stable total investments of €7 billion.
It also shows a decline of financial strength: 42 companies have revenues above €200 million (compared to 50 in 2013); 65 companies have revenues above €100 million (compared to 67 in 2013); and 94 above €50 million (compared to 98 in 2013).
Software sales are up 6% to €44.4 billion, compared to €42 billion in 2013.
54 of the companies ranked on the Truffle 100 Europe are publicly traded (compared to 56 listed companies in 2013), representing 81.6% of total revenues (80.6% in 2013), 77.5% of R&D overall expenditures and 94.7% of R&D investments (95% in 2013).