Foosball and free food still exist but long gone are the days of mindless spending and large losses in the software industry. The post-bubble era is seeing dramatic increases in productivity for software companies. It looks like the industry is really maturing. Our little baby is growing up.
- Average revenue per employee has increased to $287,000 from $195,000 in 2003.
- Average net income per employee is now $3,700 (which sounds anemic but represents huge improvement over the average net loss of $61,600 per employee back in 2003.)
- 62% of the companies are now profitable versus only 46% back in 2003.
- The average market cap per employee increased from $600,000 to $1,129,000.
You can get a full copy of the report here.