In this piece, we will take a look at the 5 Most Valuable European Tech Companies In The World. For more such companies, go to the 20 Most Valuable European Tech Companies In The World.
5. Dassault Systèmes SE (OTC:DASTY)
Market Cap as of March 6, 2023: $51.82 billion
Dassault Systèmes SE (OTC:DASTY) is a French multinational software company. The company offers 3D design and product lifecycle management software. Some of the featured products of the company include SOLIDWORKS, 3DEXCITE, 3DVIA, DELMIA, and CATiA. Dassault Systèmes SE (OTC:DASTY) serves several industries, including aerospace, defense, infrastructure, and energy & materials. Dassault Systèmes SE (OTC:DASTY) has over 180 offices in 42 countries.
4. Deutsche Telekom AG (DTE.DE)
Market Cap as of March 6, 2023: $114.03 billion
Headquartered in Bonn, Germany, Deutsche Telekom AG (DTE.DE) is among the largest telecommunication companies in the world. The company offers fixed-network, internet, mobile communications, and IPTV services and products to consumers as well as information and communication technology (ICT) solutions for corporate and business customers. The company operates in several European countries, including Germany, the United Kingdom, and the Netherlands, and has a presence in the United States through its subsidiary, T-Mobile.
3. SAP SE (NYSE:SAP)
Market Cap as of March 6, 2023: $135.74 billion
SAP SE (NYSE:SAP) is a multinational software company based in Germany. The company’s product line includes more than 340 products spanning several categories, including financial management, enterprise resource planning, supply chain management, business technology platforms, CRM, and customer experience. The brand portfolio of SAP SE (NYSE:SAP) comprises AppGyver Oy, SAP Ariba, Coresystems AG, Datahug, and SAP Fieldglass. SAP SE (NYSE:SAP) has offices in 130 countries and is partnered with more than 20,000 companies worldwide.
On February 1, 2023, Nay Soe Naing, an analyst at Berenberg, increased the price target on SAP SE (NYSE:SAP) to €125 from €110 while keeping a Buy rating on the company’s stock.
2. Accenture plc (NYSE:ACN)
Market Cap as of March 6, 2023: $169.53 billion
Headquartered in Dublin, Ireland, Accenture plc (NYSE:ACN) is a professional services corporation. The company provides strategy, consulting, technology, and operational services. These services are offered to various industries, including automotive, banking, chemicals, health, energy, retail, public services, and utilities.
ClearBridge Sustainability Leaders Strategy made the following comment about Accenture plc (NYSE:ACN) in its Q4 2022 investor letter:
Accenture plc (NYSE:ACN) is a leading global professional services company that helps clients build their digital infrastructure and optimize their operations. We view Accenture as a resilient, high-quality business with consistent earnings and cash flow, a strong balance sheet and very attractive returns on capital. Secular drivers like cloud migration and digital transformation, as well as new, innovative technology deployments like data security, block chain, AI and machine learning position Accenture well for continued growth. It is also currently rolling out a suite of sustainability tools that offers a comprehensive view of a company’s goals, progress and performance across financial and ESG measures, so it is an enabler of ESG for its clients. We exited our position in software-as-a-service company Workday to fund the position, largely on better relative risk/reward, in our view.
1. ASML Holding N.V. (NASDAQ:ASML)
Market Cap as of March 6, 2023: $247.28 billion
ASML Holding N.V. (NASDAQ:ASML) is a Dutch multinational company that develops, manufactures, and sells advanced semiconductor equipment systems. These systems include metrology, lithography, and inspection systems for logic and memory chips. The company’s clientele includes Micron Technology, Inc. (NASDAQ:MU), Samsung Electronics Co., Ltd. (005930.KS), SK hynix Inc. (000660.KS), and Intel Corporation (NASDAQ:INTC). ASML Holding N.V. (NASDAQ:ASML) operates more than 60 locations across the globe.
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