A Faceoff Between 4 Enterprise Software Companies - Seeking Alpha

A Faceoff Between 4 Enterprise Software Companies - Seeking Alpha:

"The one thing that stands out here is that the numbers support the attractiveness of the software business. Perhaps the most important line here is returns on invested capital, as all of these firms use large acquisitions as a key growth strategy. Microsoft has been, by far, the most efficient at allocating its capital, despite some very well-documented acquisition misfires. That said, it has also been the slowest grower of the bunch, profit-wise. Oracle has the most solid top-to-bottom record here, with good growth, very high margins, and solid returns on capital. All of these companies carry reasonable debt burdens."

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