5 Most Profitable SaaS Companies for 2023

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In this piece, we will take a look at the five most profitable SaaS companies for 2023. For more companies, head on over to 10 Most Profitable SaaS Companies for 2023.

5. Autodesk, Inc. (NASDAQ:ADSK)

Trailing Twelve Months Net Income: $619 million

Number of Hedge Fund Holders In Q3 2022: 60

Autodesk, Inc. (NASDAQ:ADSK) is a software company headquartered in San Rafael, California. The firm provides collaboration tools and application delivery services through the cloud to its users located anywhere with an Internet connection.

Autodesk, Inc. (NASDAQ:ADSK) also terminated 250 employees in February 2023 as part of a cost reduction measure. 62 of the 920 hedge funds surveyed by Insider Monkey in Q3 2022 had held a stake in the company.

Autodesk, Inc. (NASDAQ:ADSK)’s largest investor is Rajiv Jain’s GQG Partners which owns 2.8 million shares that are worth $539 million.

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