Good evening, friends! โจ
Today we will talk about the companies with the most profitable and best business model in the business world - software companies! ๐ฌ
What is a software company? โ
A software company is a business that focuses on the development, creation, distribution, and maintenance of software - companies like:
Business software - e.g., customer management. ๐งณ
Personal software - e.g., applications. ๐ฒ
Advanced software - e.g., artificial intelligence / data analysis. ๐ฑ
Software companies also deal with related services, such as technology consulting, cloud solutions, and information security. ๐ฎ
The bottom line - software companies drive the technology that simplifies and upgrades our lives! โ
Your humble servant rolled up his sleeves and compiled for you the 8 fastest-growing (and most profitable) software companies over the past 5 years! โญ๏ธ
โจ Let's get started! โจ
1) CrowdStrike - $CRWD -
A cybersecurity company that provides cloud-based protection across endpoints and cloud workloads. ๐ก
With - CAGR 51.8%! ๐
CrowdStrike's revenue grew at an average rate of 51.8% annually over the past five years (!) ๐
2) Zscaler - $ZS -
Zscaler is a cloud security company that helps businesses build and operate secure cloud applications. ๐
With a 5-year revenue CAGR of 47.5%! ๐
Zscaler's revenue grew at an average rate of 47.5% annually over the past five years (!) ๐
3) Datadog - $DDOG -
Datadog is a security data monitoring and analysis company for developers and IT operations teams. ๐
With a 5-year revenue CAGR of 46.2%! ๐
Datadog's revenue grew at an average rate of 46.2% annually over the past five years (!) ๐
4) AppLovin - $APP -
AppLovin is a software-based platform for mobile app developers to improve their apps' marketing and monetization. ๐ฒ
With a 5-year revenue CAGR: 36%. ๐
AppLovin's revenue grew at an average rate of 36% annually over the past five years (!) ๐
5) Smartsheet - $SMAR -
Smartsheet provides an enterprise platform for planning and managing automations for teams and organizations. ๐ฉโ๐ป
With a 5-year revenue CAGR: 32.9%! ๐
Smartsheet's revenue grew at an average rate of 36% annually over the past five years (!) ๐
6) Palantir - $PLTR -
Palantir provides data fusion platforms that help facilitate data analysis with AI. ๐ฑ
With a 5-year revenue CAGR: 30.6%! ๐
Palantir's revenue grew at an average rate of 30.6% annually over the past five years (!) ๐
7) DoubleVerify - $DV -
DoubleVerify provides tools for advertisers and website owners to detect fraud, monitor content viewability, and ensure their brand safety. ๐ก
With a 5-year revenue CAGR: 29.6% ๐
DoubleVerify's revenue grew at an average rate of 29.6% annually over the past five years (!) ๐
8) ServiceNow - $NOW -
ServiceNow is a software company that provides a platform for automating management in enterprise businesses. ๐ฅ
With a 5-year revenue CAGR: 25.8% ๐
ServiceNow's revenue grew at an average rate of 25.8% annually over the past five years (!) ๐