Global Software Undervalued over 20% based on DCF

Salesforce

Market Cap: US$239.7b

Provides customer relationship management (CRM) technology that connects companies and customers together worldwide.

Adobe

Market Cap: US$147.5b

Operates as a technology company worldwide.

Palo Alto Networks

Market Cap: US$115.5b

Provides cybersecurity solutions worldwide.

Synopsys

Market Cap: US$114.5b

Provides electronic design automation software products used to design and test integrated circuits.

Snowflake

Market Cap: US$68.4b

Provides a cloud-based data platform for various organizations in the United States and internationally.

VMware

Market Cap: US$61.5b

VMware, Inc. provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and workspaces in the United States and internationally.

Workday

Market Cap: US$59.3b

Provides enterprise cloud applications in the United States and internationally.

Roper Technologies

Market Cap: US$58.3b

Designs and develops vertical software and technology enabled products in the United States, Canada, Europe, Asia, and internationally.

Atlassian

Market Cap: US$48.0b

Through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide.

Cognizant Technology Solutions

Market Cap: US$34.5b

A professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.

PTC

Market Cap: US$25.4b

Operates as software company in the Americas, Europe, and the Asia Pacific.

Capgemini

Market Cap: €21.1b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Zoom Communications

Market Cap: US$21.5b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

CGI

Market Cap: CA$29.0b

Provides information technology (IT) and business process services.

Twilio

Market Cap: US$18.5b

Offers customer engagement platform solutions in the United States and internationally.

Gen Digital

Market Cap: US$17.9b

Engages in the provision of cyber safety solutions for or individuals, families, and small businesses.

Okta

Market Cap: US$16.7b

Operates as an identity partner in the United States and internationally.

Dynatrace

Market Cap: US$15.2b

Engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

DocuSign

Market Cap: US$14.9b

Provides electronic signature solution in the United States and internationally.

Akamai Technologies

Market Cap: US$10.9b

Engages in the provision of security, delivery, and cloud computing solutions in the United States and internationally.

Aurora Innovation

Market Cap: US$10.4b

Operates as a self-driving technology company in the United States.

NICE

Market Cap: ₪33.1b

Provides cloud platforms for AI-driven digital business solutions worldwide.

Amdocs

Market Cap: US$9.4b

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

Samsung SDS

Market Cap: ₩11.9t

Provides cloud and digital logistics platform-based logistics services in South Korea, China, rest of Asia, the United States, Europe, and Africa.

EPAM Systems

Market Cap: US$8.6b

Provides digital platform engineering and software development services worldwide.

Technology One

Market Cap: AU$13.2b

Engages in the development, marketing, sale, implementation, and support of integrated enterprise business software solutions in Australia and internationally.

Kingdee International Software Group

Market Cap: HK$66.8b

An investment holding company, engages in the enterprise resource planning business.

Elastic

Market Cap: US$8.4b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

Klaviyo

Market Cap: US$8.2b

A technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Wix.com

Market Cap: US$7.2b

Operates a cloud-based web development platform for registered users and creators worldwide.

GitLab

Market Cap: US$6.9b

Develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

Dolby Laboratories

Market Cap: US$6.7b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions primarily for application in the television, broadcast, and live entertainment industries in the United States and internationally.

IONOS Group

Market Cap: €5.6b

Through its subsidiaries, provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

CCC Intelligent Solutions Holdings

Market Cap: US$6.3b

Operates as a software as a service (SaaS) company for the property and casualty insurance economy in the United States and China.

Varonis Systems

Market Cap: US$6.1b

Provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world.

UiPath

Market Cap: US$5.9b

Provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally.