Global Software Low Leverage High Rewards

HCL Technologies

Market Cap: ₹3.7t

Provides IT and business services, engineering, research and development services, software products, and IP-led offerings.

Sonata Software

Market Cap: ₹63.2b

Provides information technology services and solutions in the United States, Europe, the Middle East, the Asia Pacific, the United Kingdom, Australia, New Zealand, and Ireland.

ATOSS Software

Market Cap: €1.2b

Offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally.

ARGO GRAPHICS

Market Cap: JP¥104.4b

Provides technical solutions in Japan.

Enghouse Systems

Market Cap: CA$877.4m

Develops enterprise software solutions worldwide.

Comture

Market Cap: JP¥47.5b

Provides cloud, digital, business, platform and operation, and digital learning solutions in Japan.

ID Holdings

Market Cap: JP¥32.3b

Provides information technology (IT) services in Japan.

Cybozu

Market Cap: JP¥95.5b

Develops, sells, and operates of groupware solutions in Japan.

WITS

Market Cap: NT$8.3b

Provides information technology (IT) services in Taiwan, Mainland China, Japan, the United States, and internationally.

Willowglen MSC Berhad

Market Cap: RM 126.0m

Engages in the research, development, and supply of computer-based control systems in Malaysia, Singapore, and internationally.

Dolby Laboratories

Market Cap: US$5.6b

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

E-Guardian

Market Cap: JP¥19.5b

Provides Internet security services in Japan, Singapore, and internationally.

NSD

Market Cap: JP¥213.1b

Provides various IT solutions in Japan.

ITFOR

Market Cap: JP¥45.0b

Provides IT solutions for various industries in Japan.

System LocationLtd

Market Cap: JP¥6.0b

Provides business support for finance companies in Japan and internationally.

eBASELtd

Market Cap: JP¥18.1b

eBase Co.,Ltd. engages in the planning, development, sale, and maintenance of content management software in Japan.

Cyient

Market Cap: ₹89.9b

Provides geospatial, engineering design, manufacturing, networks and operations, data transformation, and analytic services in North America, Europe, Middle East, and the Asia Pacific.

Asseco Business Solutions

Market Cap: zł2.6b

Designs and develops enterprise software solutions in Poland and internationally.

Otsuka

Market Cap: JP¥1.1t

Operates as an information technology (IT) platformer in Japan.

GMO GlobalSign Holdings K.K

Market Cap: JP¥21.9b

Provides digital authentication and electronic signature technologies to government agencies and enterprises worldwide.

SAKURA KCS

Market Cap: JP¥15.1b

Provides information services in Japan.

Computer Institute of Japan

Market Cap: JP¥29.4b

Provides system development and related services in Japan.

Infosys

Market Cap: ₹5.2t

Provides consulting, technology, outsourcing, and digital services in North America, Europe, India, Switzerland, and internationally.

AGS

Market Cap: JP¥19.9b

Provides information services to the financial industry, public sectors, and enterprises in Japan.

Fukui Computer HoldingsInc

Market Cap: JP¥65.5b

Develops and sells package CAD products for the construction industry in Japan.

Japan Process Development

Market Cap: JP¥17.5b

Provides system integration and software development services in Japan.

Data Applications Company

Market Cap: JP¥6.3b

Engages in software development, sales, and consulting related to corporate internal and external data linkage in Japan.

TIS

Market Cap: JP¥750.1b

Provides information technology (IT) services in Japan and internationally.

Sobal

Market Cap: JP¥7.0b

Engages in the development of embedded software for digital appliances in Japan.

Asseco South Eastern Europe

Market Cap: zł3.3b

Provides software implementation, integration, and outsourcing services.

Otsuka Information Technology

Market Cap: NT$2.9b

Designs, trades, maintains, imports, and exports hardware, software, computers, networks, and accessories in Taiwan and China.

PBT Holdings

Market Cap: R686.4m

Provides consulting services to finance, insurance, medical healthcare, retail, telecommunication, and other sectors in South Africa, Europe, Australia, and the United Kingdom.

Bechtle

Market Cap: €3.6b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

NSW

Market Cap: JP¥36.1b

Operates as an enterprise, services, embedded, and device solutions provider in Japan.

Avant Group

Market Cap: JP¥45.8b

Through its subsidiaries, provides accounting, business intelligence, and outsourcing services in Japan.

Trend Micro

Market Cap: JP¥690.8b

Develops and sells security-related software for computers and the internet in Japan, the Americas, Europe, and the Asia Pacific.