10 Top Software Development Companies in 2023 (2023)

Software companies are part of the broader computer industry and offer products in one of four categories: programmed services, system services, open source, and software as a service (SaaS). Software companies generate revenue from software licenses, maintenance services, subscription fees, support services, and much more.

Using cloud technology, a rapidly growing area, it’s easy for customers to pay a regular subscription fee to instantly access software over the Internet on a provider’s server. Software companies are some of the world’s leading developers of business solutions.

These are the top 11 software companies for 12 months of revenue tracking. This list is limited to companies that are publicly traded in the US or Canada, either directly or through ADRs. Some companies outside the US report earnings semi-annually rather than quarterly, so tracking data may be 12 months older than that of companies reporting quarterly.

Some of the stocks below are only traded over the counter (OTC) in the US, not on exchanges. OTC stock trading often has higher trading costs than stock trading on exchanges. This may reduce or exceed potential results.

List of Top Software Development Companies

In order to help you choose the right software solution, we’ve listed some of the top software development companies you can consider.

• Microsoft Corp (MSFT)
• Oracle Corp (ORCL)
• SAP SE
• Indium Software company
• Salesforce.com Inc. (CRM)
• Adobe Inc. (ADBE)
• VMware Inc. (VMW)
• Intuit Inc. (INTU)
• Square Inc. (SQ)
• Dassault SE Systems (DASTY)
• SS&C Technologies Holdings Inc. (SSNC)

1. Microsoft Corp (MSFT)

Every company has a mission. What’s ours? To empower every person and every organization to achieve more. We believe technology can and should be a force for good and that meaningful innovation contributes to a brighter world in the future and today. Our culture doesn’t just encourage curiosity; it embraces it. Each day we make progress together by showing up as our authentic selves. We show up with a learn-it-all mentality. We show up cheering on others, knowing their success doesn’t diminish our own. We show up every day open to learning our own biases, changing our behavior, and inviting in differences. When we show up, we achieve more together.

• Revenue (TTM): $143 billion
• Net income (TTM): $44.3 billion
• Market capitalization: $1.6 trillion
• Cumulative total return at 1 year: 57.7%
• Exchange: NASDAQ

Microsoft sells a wide range of software and services. It provides desktop processing services to businesses and individuals through the Microsoft Office Suite. As the world’s largest software company, Microsoft offers many operating systems, server applications, software development, and other products. It is also a leader in business cloud technology and services, as well as a provider of video game consoles, digital music services and much more.

2. Oracle Corp (ORCL)

We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our customers’ data. Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate, attain sustainable growth, and become more resilient.

• Revenue (TTM): $39.1 billion
• Net income (TTM): $10.1 billion
• Market capitalization: $171.9 billion
• Cumulative total return at 1 year: 2.1%
• Stock Exchange: New York Stock Exchange

Oracle creates enterprise information management software for networked computers, personal digital assistants, PCs, workstations, keyframes, and other devices. Oracle products are designed for use in sales, service, marketing, finance, human resources, supply chain and manufacturing, and other fields. The company also provides cloud infrastructure and services.

3. SAP SE

At SAP, our purpose is to help the world run better and improve people’s lives. Our promise is to innovate to help our customers run at their best. SAP is committed to helping every customer become a best-run business. We engineer solutions to fuel innovation, foster equality, and spread opportunity across borders and cultures. Together, with our customers and partners, we can transform industries, grow economies, lift up societies, and sustain our environment. #TheBestRun

• Revenue (TTM): $31.1 billion
• Net income (TTM): $5.0 billion
• Market capitalization: $191.3 billion
• Cumulative total return at 1 year: 33.7%
• Stock Exchange: New York Stock Exchange

SAP is a multinational software company based in Germany that specializes in business software. SAP products include tools for business management and e-commerce, as well as a range of services including training and business consulting on management and software integration.

4. Indium Software company

Indium Software is a leading provider of Digital Engineering solutions with deep expertise in Application Engineering, Cloud Engineering, Data and Analytics, DevOps, Digital Assurance and Gaming.

Indium’s key differentiators are its specialization in Low Code Development, Ai-driven Text Analytics and Partnerships with tech companies such as Mendix, AWS, Denodo and Striim. Indium has a global presence with key focus in the US, UK, APAC and India with around 2000+ associates and clients ranging from leading ISVs to large enterprises.

Industry advocates namely Forbes, Dun & Bradstreet, Clutch have recognized us as a Trusted Digital Engineering partner for Innovative Startups & Visionary Enterprises. At Indium, we believe in continuous learning from the world around us that helps us perform better and stay ahead in the game. We practice an open work culture, where every Indiumite is encouraged to share knowledge, learn, and grow.

Specialties: Big Data Engineering, Predictive Analytics, Descriptive Analytics, Deep Learning, Machine Learning, Text Analytics, Mendix Development, Data Warehousing, Image & Video Analytics, Blockchain Development, Alpha Software Development, Software Testing Services, Data Analytics Solutions, Big Data Consulting, Performance Testing, Security Testing, STRIIM, Low Code Development, Quality Assurance, Test Automation, and mendix

5. Salesforce.com Inc. (CRM)

We bring companies and customers together on the #1 CRM. Sharing the news, events, and innovation you need to change the world for good.

• Revenue (TTM): $18.2 billion
• Net income (TTM): $-0.2 billion
• Market capitalization: $181.5 billion
• Cumulative total return at 1 year: 38.2%
• Stock Exchange: New York Stock Exchange

Business software company Salesforce.com provides customer relationship management software and services to business customers. Salesforce.com provides tools for marketing automation, customer service, operations, sales, and more. The company is best known for its technology platform that enables customers and developers to build and run business-related applications.

6. Adobe Inc. (ADBE)

Adobe is the global leader in digital media and digital marketing solutions. Our creative, marketing and document solutions empower everyone – from emerging artists to global brands – to bring digital creations to life and deliver immersive, compelling experiences to the right person at the right moment for the best results. In short, Adobe is everywhere, and we’re changing the world through digital experiences.

• Revenue (TTM): $12.1 billion
• Net income (TTM): $3.7 billion
• Market capitalization: $214.4 billion
• Cumulative total return at 1 year: 52.2%
• Exchange: NASDAQ

Adobe specializes in software products that are used in all types of print and electronic media. The company is recognized for products such as Adobe Creative Cloud Suite, Document Cloud, and Experience Cloud, among other multimedia and creative software products, as well as digital marketing tools.

7. VMware Inc. (VMW)

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. At the heart of everything we do lies the responsibility and the opportunity to build a sustainable, equitable and more secure future for all. Since our founding in 1998, our employees and partners have been behind the tech innovations transforming entire industries. Today, we continue to cultivate a culture of innovation where curiosity meets execution. We work to harness the next wave of innovation and solve our customers’ toughest challenges through disruptive technologies, like edge computing, AI, blockchain, machine learning, Kubernetes, and more.

• Revenue (TTM): $11.3 billion
• Net income (TTM): $6.3 billion
• Market capitalization: $60 billion
• Cumulative total return at 1 year: -11.9%
• Stock Exchange: New York Stock Exchange

VMware is a cloud computing and virtualization software company that specializes in products that address a wide range of information technology (IT) problems. VMware software is designed to address operational inefficiencies, business continuity issues, software lifecycle issues, and to provide general desktop management tools.

8. Intuit Inc. (INTU)

Intuit is a global technology platform that helps our customers and communities overcome their most important financial challenges. Serving millions of customers worldwide with TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, we believe that everyone should have the opportunity to prosper and we work tirelessly to find new, innovative ways to deliver on this belief. We encourage conversations on this page and will not delete comments that follow our terms of use. In order to keep this a safe community, the below posts may be removed: Repeated posts of the same content, spam or posts from fake accounts or profiles, offensive language or material, threats to others in the community, posts deliberately aimed to have a negative effect on the community or conversations.

• Revenue (TTM): $6.9 billion
• Net income (TTM): $1.3 billion
• Market capitalization: $81 billion
• Cumulative total return at 1 year: 14.0%
• Exchange: NASDAQ

Business and financial software company Intuit is best known for its QuickBooks accounting software and TurboTax tax preparation software. The company’s products are designed for individuals, small businesses and accountants.

9. Square Inc. (SQ)

• Revenue (TTM): $5.1 billion
• Net income (TTM): $0.3 billion
• Market capitalization: $60.1 billion
• Total cumulative return at 1 year: 96.6%
• Stock Exchange: New York Stock Exchange

Square is a mobile payment software and financial services company. It sells point of sale software that enables traders and customers to transact quickly, providing tools for digital receipts, sales reporting, and inventory analysis.

10. Dassault SE Systems (DASTY)

Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating ‘virtual twin experiences’ of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production.

• Revenue (TTM): $4.8 billion
• Net income (TTM): $0.6 billion
• Market capitalization: $46.7 billion
• Cumulative total return at 1 year: 19.9%
• Exchange: OTC

French company Dassault Systemes is a larger subsidiary of the Dassault Group, a conglomerate best known for its aviation and aerospace efforts. Dassault Systemes creates software for 3D product design, simulation and manufacturing, among other tasks.

11. SS&C Technologies Holdings Inc. (SSNC)

SS&C is a leading global provider of mission-critical, cloud-based software and solutions for the financial and healthcare industries. Named to the Fortune 1000 list as a top U.S. company based on revenue, SS&C (NASDAQ: SSNC) is a trusted provider to more than 18,000 financial services and healthcare companies, with over 24,000 employees and operations in 104 cities across 40 countries. Built upon a foundation of expertise, innovation and excellent customer service, SS&C powers some of the largest financial and healthcare firms in the world.

• Revenue (TTM): $4.7 billion
• Net income (TTM): $500 million
• Market capitalization: $15 billion
• Cumulative total return at 1 year: 29.4%
• Exchange: NASDAQ

SS&C Technologies provides financial and investment software, including tools for wealth management accounting, insurance and pension fund administration, and much more. The company’s main customer is in the healthcare and financial services industries.