The UK software industry is predicted to remain flat at 2.6 per cent growth this year, according to figures to be released at the end of the month.
However, 114 out of the 2,000 companies analysed grew by 65.2 per cent last year, says the Plimsoll Portfolio Analysis of the sector.
The largest UK software companies are mainly games and consumer focused, including Sega Europe, Time and Activision.
But Siebel Systems UK came in ninth and recorded the highest growth rate with 208 per cent last year.
David Pattison, senior analyst at Plimsoll, explained that business software companies accounted for the fastest growing companies, with over 300 growing at upwards of 20 per cent.
"The corporate and enterprise software companies are growing well but are just not reaching the upper echelons. Most of the companies in the study are business software and there is spectacular growth for some of the larger companies such as Siebel," he said.
But a third of the industry may not see growth at all in 2002 and could lose 18.7 per cent of sales on average, warned Pattison. Three quarters of companies also saw profits fall last year and almost half are currently loss-making.
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