Top Software-as-a-Service Stocks, Salesforce, Intuit (QuickBooks)

Filed in Accounting, Business, Intuit QuickBooks by on March 16, 2018

Two top Software-as-a-Service Madison.com stocks are Salesforce and Intuit (QuickBooks). Madison says they look expensive (8.9 and 8.5 times sales), but investors may want them even after 52% and 43% increases in 12 months.

Salesforce

Salesforce is one of the largest pure-play SaaS companies. It is a good example of what makes SaaS businesses attractive. With services entirely in the cloud, it offers leading customer relationship management (CRM) programs for small start-ups to some of the largest companies (T-Mobile, U.S. Bank, Tesla, Activision Blizzard, and Intuit).

Intuit

Intuit is rapidly transitioning to SaaS. Only about a third of revenue is now from non-SaaS (QuickBooks & TurboTax desktop). The rest is online, mainly QuickBooks Online and TurboTax Online. Revenue from online was 69% of the total in the six months ending Jan. 31, 2018, up from 67% a year-ago. Management expects non-GAAP operating income and non-GAAP earnings-per-share growth of 9% to 12% and 20% to 22% respectively, in fiscal 2018, which is half over.

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Fastest, easiest, accurate, low-cost QuickBooks! Intuit - QuickBooks CEO, "You're fantastic Mike! Absolutely fantastic!" Tax fighting CPA.

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