U.S. Software Undervalued based on future growth

Amdocs

Market Cap: US$5.9b

Through its subsidiaries, provides software and services to communications, entertainment, media, and other service providers worldwide.

Open Text

Market Cap: US$5.4b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Kyndryl Holdings

Market Cap: US$2.6b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

Globant

Market Cap: US$1.6b

Provides technology services in the United States, rest of North America, Latin America, Europe, and internationally.

Pagaya Technologies

Market Cap: US$1.3b

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services, their customers, and institutional or sophisticated investors in the United States, Israel, and the Cayman Islands.

Blackbaud

Market Cap: US$1.3b

Engages in the providing AI-powered solutions in the United States and internationally.

NCR Voyix

Market Cap: US$1.0b

Provides digital commerce solutions for retail stores and restaurants in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Everforth

Market Cap: US$861.8m

Provides information technology solutions for commercial and government sectors in the United States, Canada, and Europe.

Viant Technology

Market Cap: US$745.1m

Operates a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.

CI&T

Market Cap: US$521.8m

Provides strategy, design, and software engineering services in North America, Europe, Latin America, Asia Pacific, and worldwide.

Yext

Market Cap: US$408.0m

Operates a platform that offers answers to consumer questions in North America and internationally.

Agora

Market Cap: US$356.0m

Through its subsidiaries, engages in the operation of a real-time engagement platform-as-a-service in the United States, the People’s Republic of China, and internationally.

Hackett Group

Market Cap: US$271.0m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

FatPipe

Market Cap: US$78.5m

Develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally.