SAP AG (NYSE:SAP) is a strange entry on this list. It isn’t a Nasdaq-listed stock. It’s not a Silicon Valley stock (instead headquartered in Germany). It also is not your typical gadget-oriented or consumer-focused tech stock like others on this list.
But when it comes to tech success stories of the past 10 years, this company is a big one. SAP makes its money helping companies manage their human resources and customer relationships — and as technology has boosted business productivity, SAP has been at the forefront of the digital revolution.
The question going forward, however, is whether SAP has what it takes to evolve and thrive in the next era of digital business solutions. Companies like Salesforce.com (NYSE:CRM) have ramped up competition via “cloud computing” options for businesses, and enterprise software is a sticky business to be in when corporations are reluctant to make big capital expenses in a shaky economic environment.
However, SAP seems to be revved up and ready for the future. The stock is up 40% in the past six months, and the company has logged eight straight quarters of year-over-year revenue gains. SAP is at a new 52-week high and has a chance of setting a new all-time high if this keeps up — topping even those bubblicious valuations of the dot-com days.