Sunday, January 27, 2019

All 98 US Software Companies (SEC SIC Code 7372) With Stock Market Caps Above $1 Bil: Operating Results For the First Three Quarters of 2018

......................................................................

 Dominant Microsoft Generated 68% of the Total Pretax Income in the Most Recent Third Quarter of 2018 of All 98 US Prepackaged Software Companies Combined

 ......................................................................

 Microsoft Generated Blowout Pretax Earnings Growth of 28% in the Third Quarter of 2018, of 34% in the Second Quarter of 2018 and of 22% in the First Quarter of 2018

 ......................................................................

On the Other Hand, the Other 97 Excellent Largest Software Companies in This Critical US Sector Experienced Huge Total Pretax Earnings Growth Deceleration in the Most Recent Two Quarters of 2018 From That in the First Quarter of 2018

 ......................................................................

 These 97 US Software Companies Generated Blowout Total Pretax Earnings Growth of 30% in the First Quarter of 2018 Over the First Quarter of 2017 

......................................................................

 Then These Same 97 US Software Companies Generated Substantially Lower Total Pretax Earnings Growth of 7% in the Second Quarter of 2018 and of 9% in the Third Quarter of  
2018
......................................................................

 The US State's Software Companies Suffering the Largest Total Pretax Earnings Growth Deceleration During 2018 Was California, Whose 42 Software Companies Total Pretax Earnings Growth Declined Precipitously From Up 31% in the First Quarter of 2018 Over the First Quarter of 2017, to Up a Much Lower 12% in the Second Quarter of 2018 and to Up an Even Lower 4% in the Third Quarter of 2018

 ......................................................................

 From a review of SEC filings, I found 98 US Companies in the SEC Standard Identification Classification Code 7372 (Services: Prepackaged Software) with stock markets caps of above $1 bil sometime in 2018.

 The first chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the each of the First Three Quarters of both 2018 and 2017 for these 98 US Prepackaged Software Companies.

US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax Pretax Pretax
Income Income Income Income Income Income
(Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Most Sept Sept June June Mar Mar
Recent Oct Oct July July Apr Apr
Audited or Nov or Nov Better or Aug or Aug Better or May or May Better
FYE 2018 2017 (Worse) 2018 2017 (Worse) 2018 2017 (Worse)
US Software Cos: SEC SIC Code 7372 Fincl Quarter Quarter % Quarter Quarter % Quarter Quarter %
Stock Market Caps Above $1 Bil Sts End End  Change End End  Change End End  Change
mils $ mils $ mils $ mils $ mils $ mils $
Microsoft June 18       10,221         7,984 28%     10,680       7,958 34%       8,641       7,094 22%
Oracle May 18         2,774         2,826 -2%       2,540       2,500 2%       4,141       3,760 10%
Adobe Systems Nov 17            699            643 9%          701          541 30%          691          493 40%
VMWare Jan 18            345            413 -16%          772          494 56%       1,175          281 318%
Electronic Arts Mar 18            276             (38) NM          319          749 -57%          754          716 5%
Check Point Software Dec 17            243            237 3%          240          233 3%          228          221 3%
Citrix Systems Dec 17            159            134 19%          131          114 15%          151          120 26%
CA Technologies Mar 18            148            258 -43%            82          238 -66%          243          198 23%
Salesforce.com Jan 18            128            146 -12%          231            63 267%          385          (10) NM
Activision Blizzard Dec 17            121            220 -45%          408          293 39%          567          453 25%
SS&C Technologies Dec 17            118              75 57%        (164)            62 -365%            62            58 7%
Cadence Design Systems Dec 17            100              87 15%            90            77 17%            78            74 5%
Ansys Dec 17              95            108 -12%          110          100 10%            97            86 13%
Veeva Systems Jan 18              68              44 55%            56            41 37%            46            39 18%
Black Knight Dec 17              54              53 2%            47            38 24%            55            40 38%
Synopsys Oct 18              52            100 -48%            72          113 -36%          119            62 92%
National Instruments Dec 17              48              38 26%            35            29 21%            30            23 30%
Tyler Technologies Dec 17              39              44 -11%            38            37 3%            39            37 5%
Manhattan Associates Dec 17              38              51 -25%            37            49 -24%            29            41 -29%
Paycom Software Dec 17              36              22 64%            44            19 132%            52            52 0%
Take-Two Interactive Mar 18              31             (14) NM            77            47 64%            91          111 -18%
Symantec Mar 18              28             (69) NM          (73)        (134) NM          (61)        (248) NM
Square Inc Dec 17              21             (17) NM            (5)          (15) NM          (24)          (15) NM
Progress Software Nov 17              20              19 5%            21            19 11%            16            (0) NM
Qualys Dec 17              19              12 58%            12              9 33%            10              8 25%
Ultimate Software Group Dec 17              17              14 21%            21              7 200%            22              3 633%
ACI Worldwide Dec 17              17                1 1600%          (11)          (51) NM          (23)            (6) NM
LogMein Dec 17              15                7 114%              6              0 NM            42          (34) NM
Medidata Solutions Dec 17              13              19 -32%            17            10 70%            10            10 0%
AutoDesk Jan 18              12           (111) NM          (23)        (126) NM          (64)        (121) NM
Ellie Mae Dec 17              12              19 -37%              7            18            (5)              5
Blackbaud Dec 17              11              16 -31%              7            14            14            11
Microstrategy Dec 17              11              21 -48%              6            13              1            20
Real Page Dec 17              10               (0) NM              8              3            11              9
Altair Engineering Dec 17              10             (22) NM              2            (8)              5            (3)
Teradata Dec 17              10                6 67%              6            (3)            (8)            (2)
ConvergeOne Holdings Dec 17                9               (3)          (14)          (11)              1            (6)
SPS Commerce Dec 17                9                3              6              3              5              4
ServiceNow Dec 17                7             (20)          (41)          (58)            (7)          (23)
Ceridian HCM Holding Dec 17                7             (17)          (55)          (21)              4            (9)
Appfolio Dec 17                6                4              8              3              4              1
Endurance Intl Group Dec 17                5             (37)            (0)          (33)            (4)          (26)
Paylocity June 18                4                1            (3)            (5)            21            15
SailPoint Technologies Dec 17                4               (3)            (5)            (4)            (6)            (3)
Quad Inc Jan 18                4                1              3            (0)              3            (2)
Guidewire Software July 18                2             (31)            57            44          (28)            (3)
Commvault Systems Mar 18                2               (5)            (6)            (4)              1            (2)
Imperva Dec 17                2                0            (3)            (4)          (10)            24
PTC Inc Sep 18                1                5            10              1            12            (1)
Bandwidth Dec 17                0                3              1              3              9              5
SolarWinds Dec 17               (1)               (1)          (39)            (2)          (68)          (53)
Mimecast Ltd Mar 18               (1)               (1)            (3)            (1)            (7)            (2)
Alteryx Dec 17               (2)               (3)          (11)            (8)            (5)            (6)
Cornerstone On Demand Dec 17               (2)             (14)          (11)          (21)          (16)          (16)
Bottomline Technologies June 18               (2)               (4)              9            (7)            (1)            (7)
Sendgrid Dec 17               (2)               (2)            (0)            (1)            (1)            (2)
Cision Ltd Dec 17               (3)             (60)            18          (26)          (18)          (30)
Blackline Dec 17               (4)             (12)            (8)            (9)            (7)            (8)
Apptio Dec 17               (4)               (4)            (5)            (7)            (8)            (7)
Liveperson Dec 17               (5)               (0)            (8)            (7)            (4)            (5)
Dropbox Dec 17               (6)             (14)            (3)          (26)        (464)          (33)
SecureWorks Jan 18               (6)             (15)          (13)          (16)          (17)          (20)
Varonis Systems Dec 17               (7)               (3)          (12)            (5)          (15)          (11)
New Relic Mar 18               (8)             (15)            (5)          (16)            (7)          (15)
Everbridge Dec 17               (8)               (4)          (17)            (3)          (12)            (6)
Q2 Holdings Dec 17               (9)               (6)            (9)            (8)            (6)            (7)
Talend SA Dec 17               (9)               (3)            (9)            (8)          (10)            (7)
2U Inc Dec 17             (10)             (16)          (22)          (12)          (16)            (3)
3D Systems Dec 17             (10)             (34)            (6)            (6)          (19)            (9)
Tableau Software Dec 17             (11)             (45)          (14)          (41)          (49)          (52)
Instructure Dec 17             (11)             (11)          (12)          (10)          (12)          (12)
Workiva Dec 17             (11)             (14)          (22)          (10)          (10)            (6)
Coupa Software Jan 18             (12)             (11)          (13)          (14)          (15)          (10)
Benefitfocus Dec 17             (12)             (14)          (14)          (14)          (14)          (16)
Rapid7 Dec 17             (12)             (13)          (14)          (11)          (16)          (10)
Intuit July 18             (14)             (37)          (74)          (10)       1,617       1,439
Appian Corp Dec 17             (15)               (6)          (11)          (14)            (9)            (3)
Smartsheet Jan 18             (16)             (10)          (12)          (23)          (14)            (7)
Alarm.com Holdings Dec 17             (17)              10              8              5            12              5
Carbon Black Dec 17             (17)             (14)          (25)          (12)          (21)          (12)
HubSpot Dec 17             (18)             (16)          (18)          (13)          (15)            (8)
Zuora Jan 18             (18)             (10)          (19)          (15)          (19)            (8)
Tenable Holdings Dec 17             (20)             (11)          (17)            (9)          (15)            (9)
Avalara Dec 17             (24)             (10)          (18)          (16)          (16)          (16)
Cloudera Jan 18             (25)             (56)          (33)          (63)          (50)        (222)
Nuance Communications Sep 18             (26)             (56)            (3)          (25)        (162)          (25)
Twilio Dec 17             (27)             (23)          (24)            (7)          (24)          (14)
Elastic NV Apr 18             (27)               (7)          (10)          (18)  N/A   N/A 
Okta Jan 18             (30)             (34)          (40)          (26)          (26)          (27)
Hortonworks Dec 17             (31)             (45)          (40)          (56)          (42)          (55)
MongoDB Jan 18             (31)             (24)          (31)          (26)          (29)          (19)
Pivotal Software Jan 18             (34)             (39)          (35)          (36)          (33)          (48)
Anaplan Jan 18             (37)             (11)  N/A   N/A   N/A   N/A 
Box Inc Jan 18             (40)             (43)          (38)          (39)          (36)          (40)
Splunk Jan 18             (54)             (30)        (103)          (78)        (120)        (114)
DocuSign Jan 18             (59)             (14)          (35)          (12)        (270)          (20)
Nutanix July 18             (98)             (59)          (65)          (83)          (87)          (94)
Atlassian Corp June 18           (240)             (20)          (22)          (32)            (8)          (23)
Total all 97 Cos With No Microsoft         4,772         4,380 9%       4,915       4,609 7%       8,801       6,792 30%
Total all 98 Cos With Microsoft       14,993       12,364 21%     15,595     12,567 24%     17,442     13,886 26%

And the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the each of the First Three Quarters of both 2018 and 2017 for these 98 US Prepackaged Software Companies, Sorted By US State.

US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax Pretax Pretax
Income Income Income Income Income Income
(Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Most Sept Sept June June Mar Mar
Recent Oct Oct July July Apr Apr
Audited or Nov or Nov Better or Aug or Aug Better or May or May Better
US US Software Cos: SEC SIC Code 7372 FYE 2018 2017 (Worse) 2018 2017 (Worse) 2018 2017 (Worse)
State Stock Market Caps Above $1 Bil Fincl Quarter Quarter % Quarter Quarter % Quarter Quarter %
HQs Sorted By US State Sts End End  Change End End  Change End End  Change
mils $ mils $ mils $ mils $ mils $ mils $
California
CA Oracle May 18         2,774         2,826 -2%       2,540       2,500 2%       4,141       3,760 10%
CA Adobe Systems Nov 17            699            643 9%          701          541 30%          691          493 40%
CA VMWare Jan 18            345            413 -16%          772          494 56%       1,175          281 318%
CA Electronic Arts Mar 18            276             (38) NM          319          749 -57%          754          716 5%
CA Check Point Software Dec 17            243            237 3%          240          233 3%          228          221 3%
CA Salesforce.com Jan 18            128            146 -12%          231            63 267%          385          (10) NM
CA Activision Blizzard Dec 17            121            220 -45%          408          293 39%          567          453 25%
CA Cadence Design Systems Dec 17            100              87 15%            90            77 17%            78            74 5%
CA Veeva Systems Jan 18              68              44 55%            56            41 37%            46            39 18%
CA Synopsys Oct 18              52            100 -48%            72          113 -36%          119            62 92%
CA Symantec Mar 18              28             (69) NM          (73)        (134) NM          (61)        (248) NM
CA Square Inc Dec 17              21             (17) NM            (5)          (15) NM          (24)          (15) NM
CA Qualys Dec 17              19              12 58%            12              9 33%            10              8 25%
CA AutoDesk Jan 18              12           (111) NM          (23)        (126) NM          (64)        (121) NM
CA Ellie Mae Dec 17              12              19 -37%              7            18            (5)              5
CA ServiceNow Dec 17                7             (20)          (41)          (58)            (7)          (23)
CA Appfolio Dec 17                6                4              8              3              4              1
CA Quad Inc Jan 18                4                1              3            (0)              3            (2)
CA Guidewire Software July 18                2             (31)            57            44          (28)            (3)
CA Imperva Dec 17                2                0            (3)            (4)          (10)            24
CA Alteryx Dec 17               (2)               (3)          (11)            (8)            (5)            (6)
CA Cornerstone On Demand Dec 17               (2)             (14)          (11)          (21)          (16)          (16)
CA Blackline Dec 17               (4)             (12)            (8)            (9)            (7)            (8)
CA Dropbox Dec 17               (6)             (14)            (3)          (26)        (464)          (33)
CA New Relic Mar 18               (8)             (15)            (5)          (16)            (7)          (15)
CA Talend SA Dec 17               (9)               (3)            (9)            (8)          (10)            (7)
CA Coupa Software Jan 18             (12)             (11)          (13)          (14)          (15)          (10)
CA Intuit July 18             (14)             (37)          (74)          (10)       1,617       1,439
CA Zuora Jan 18             (18)             (10)          (19)          (15)          (19)            (8)
CA Cloudera Jan 18             (25)             (56)          (33)          (63)          (50)        (222)
CA Twilio Dec 17             (27)             (23)          (24)            (7)          (24)          (14)
CA Elastic NV Apr 18             (27)               (7)          (10)          (18)  N/A   N/A 
CA Okta Jan 18             (30)             (34)          (40)          (26)          (26)          (27)
CA Hortonworks Dec 17             (31)             (45)          (40)          (56)          (42)          (55)
CA Pivotal Software Jan 18             (34)             (39)          (35)          (36)          (33)          (48)
CA Anaplan Jan 18             (37)             (11)  N/A   N/A   N/A   N/A 
CA Box Inc Jan 18             (40)             (43)          (38)          (39)          (36)          (40)
CA Splunk Jan 18             (54)             (30)        (103)          (78)        (120)        (114)
CA DocuSign Jan 18             (59)             (14)          (35)          (12)        (270)          (20)
CA Nutanix July 18             (98)             (59)          (65)          (83)          (87)          (94)
CA Atlassian Corp June 18           (240)             (20)          (22)          (32)            (8)          (23)
CO Sendgrid Dec 17               (2)               (2)            (0)            (1)            (1)            (2)
Total 42 California Cos         4,139         3,965 4%       4,772       4,262 12%       8,379       6,391 31%
CT SS&C Technologies Dec 17            118              75 57%        (164)            62 -365%            62            58 7%
FL Citrix Systems Dec 17            159            134 19%          131          114 15%          151          120 26%
FL Black Knight Dec 17              54              53 2%            47            38 24%            55            40 38%
FL Ultimate Software Group Dec 17              17              14 21%            21              7 200%            22              3 633%
FL ACI Worldwide Dec 17              17                1 1600%          (11)          (51) NM          (23)            (6) NM
GA Manhattan Associates Dec 17              38              51 -25%            37            49 -24%            29            41 -29%
GA SecureWorks Jan 18               (6)             (15)          (13)          (16)          (17)          (20)
IA Workiva Dec 17             (11)             (14)          (22)          (10)          (10)            (6)
IL Paylocity June 18                4                1            (3)            (5)            21            15
IL Cision Ltd Dec 17               (3)             (60)            18          (26)          (18)          (30)
MA Progress Software Nov 17              20              19 5%            21            19 11%            16            (0) NM
MA LogMein Dec 17              15                7 114%              6              0 NM            42          (34) NM
MA Endurance Intl Group Dec 17                5             (37)            (0)          (33)            (4)          (26)
MA PTC Inc Sep 18                1                5            10              1            12            (1)
MA Mimecast Ltd Mar 18               (1)               (1)            (3)            (1)            (7)            (2)
MA Everbridge Dec 17               (8)               (4)          (17)            (3)          (12)            (6)
MA Rapid7 Dec 17             (12)             (13)          (14)          (11)          (16)          (10)
MA Carbon Black Dec 17             (17)             (14)          (25)          (12)          (21)          (12)
MA HubSpot Dec 17             (18)             (16)          (18)          (13)          (15)            (8)
MA Nuance Communications Sep 18             (26)             (56)            (3)          (25)        (162)          (25)
MD 2U Inc Dec 17             (10)             (16)          (22)          (12)          (16)            (3)
MD Tenable Holdings Dec 17             (20)             (11)          (17)            (9)          (15)            (9)
MI Altair Engineering Dec 17              10             (22) NM              2            (8)              5            (3)
MN ConvergeOne Holdings Dec 17                9               (3)          (14)          (11)              1            (6)
MN SPS Commerce Dec 17                9                3              6              3              5              4
MN Ceridian HCM Holding Dec 17                7             (17)          (55)          (21)              4            (9)
NC Bandwidth Dec 17                0                3              1              3              9              5
NH Bottomline Technologies June 18               (2)               (4)              9            (7)            (1)            (7)
NJ Commvault Systems Mar 18                2               (5)            (6)            (4)              1            (2)
NY CA Technologies Mar 18            148            258 -43%            82          238 -66%          243          198 23%
NY Take-Two Interactive Mar 18              31             (14) NM            77            47 64%            91          111 -18%
NY Medidata Solutions Dec 17              13              19 -32%            17            10 70%            10            10 0%
NY Liveperson Dec 17               (5)               (0)            (8)            (7)            (4)            (5)
NY Varonis Systems Dec 17               (7)               (3)          (12)            (5)          (15)          (11)
NY MongoDB Jan 18             (31)             (24)          (31)          (26)          (29)          (19)
OH Teradata Dec 17              10                6 67%              6            (3)            (8)            (2)
OK Paycom Software Dec 17              36              22 64%            44            19 132%            52            52 0%
PA Ansys Dec 17              95            108 -12%          110          100 10%            97            86 13%
SC Blackbaud Dec 17              11              16 -31%              7            14            14            11
SC 3D Systems Dec 17             (10)             (34)            (6)            (6)          (19)            (9)
SC Benefitfocus Dec 17             (12)             (14)          (14)          (14)          (14)          (16)
TX National Instruments Dec 17              48              38 26%            35            29 21%            30            23 30%
TX Tyler Technologies Dec 17              39              44 -11%            38            37 3%            39            37 5%
TX Real Page Dec 17              10               (0) NM              8              3            11              9
TX SailPoint Technologies Dec 17                4               (3)            (5)            (4)            (6)            (3)
TX SolarWinds Dec 17               (1)               (1)          (39)            (2)          (68)          (53)
TX Q2 Holdings Dec 17               (9)               (6)            (9)            (8)            (6)            (7)
UT Instructure Dec 17             (11)             (11)          (12)          (10)          (12)          (12)
VA Microstrategy Dec 17              11              21 -48%              6            13              1            20
VA Appian Corp Dec 17             (15)               (6)          (11)          (14)            (9)            (3)
VA Alarm.com Holdings Dec 17             (17)              10              8              5            12              5
WA Microsoft June 18       10,221         7,984 28%     10,680       7,958 34%       8,641       7,094 22%
WA Apptio Dec 17               (4)               (4)            (5)            (7)            (8)            (7)
WA Tableau Software Dec 17             (11)             (45)          (14)          (41)          (49)          (52)
WA Smartsheet Jan 18             (16)             (10)          (12)          (23)          (14)            (7)
WA Avalara Dec 17             (24)             (10)          (18)          (16)          (16)          (16)
Total all 98 Cos       14,993       12,364 21%     15,595     12,567 24%     17,442     13,886 26%











Posted by at