CGES Index

CGES Index

Cornerstone Global Enterprise SaaS (CGES) Index - a financial index of Top 30 emerging global Enterprise SaaS companies listed on stock exchanges. The index constituents have been carefully chosen to ensure balanced sectoral and market cap representation. This is a first of it’s kind initiative taken up by an Indian investor, in order to help create better awareness of these investment models in this ecosystem.

CGES Index Value
4048.8
-14.87
-14.87
radio button
CLOSED
February 11, 2025

Performance of CGES Index

img

[{"0":"","1":"2018","2":"2019","3":"2020","4":"2021","5":"2022","6":"2023"},{"0":"CGES Index","1":"100%","2":"151%","3":"330%","4":"368%","5":"177%","6":"311%"},{"0":"EM CLOUD","1":"100%","2":"140%","3":"294%","4":"286%","5":"139%","6":"194%"},{"0":"NASDAQ","1":"100%","2":"135%","3":"194%","4":"236%","5":"158%","6":"226%"},{"0":"S&P 500","1":"100%","2":"129%","3":"150%","4":"190%","5":"153%","6":"191%"}]

CGES Index has consistently outperformed all major benchmark indices like NASDAQ and SaaS focused indices like EMCLOUD.

CGES Index has managed to recovery sharply compared to the other indices primarily due to its inherent antifragility and inately sustainable business models of its constituent companies.

Constituents of CGES Index

Sr No.Index ConstituentSegmentIndex Weight
01SalesforceSales, Marketing & CRM18.1%
02AdobeCore Operations Platform16.3%
03IntuitSupport Functions Platform11.5%
04ServiceNowProcess Automation8.7%
05ShopifyCore Operations Platform5.6%

Sr. No

Index Constituent

Segment

Description

1
Salesforce
Sales, Marketing & CRM
End-to-end cloud-based CRM software
2
ServiceNow
Process Automation
Cloud-based automated workflow management for Enterprise
3
Adobe
Core Operations Platform
Platform for digital content design, management and collaboration
4
Intuit
Support Functions Platform
AI-based accounting and financial management solutions
5
Shopify
Core Operations Platform
Easy-to-use platform to build online stores for retailers
6
CrowdstrikeHoldings
IT Infra & Security Management
Cloud-delivered cyber security solution for the endpoint protection
7
Atlassian Corporation Plc
Enterprise Collaboration
Cloud based enterprise collaboration suite solutions
8
Workday
Support Functions Platform
Enterprise cloud applications for finance and human resources
9
Snowflake
BI & Data Analytics
Cloud data platform enabling customers to drive business insights
10
Datadog
IT Infra & Security Management
SaaS-based monitoring platform for cloud applications
11
HubSpot
Sales, Marketing & CRM
Cloud-based marketing and sales software platform
12
Veeva Systems
Core Operations Platform
Cloud-based ERP solutions for the global life sciences industry
13
Samsara
Process Automation
AI-powered vehicle tracking solutions for fleet owners
14
Zoom Video Communications
Enterprise Collaboration
Video-first communication platform and web conferencing services
15
Toast
Core Operations Platform
Cloud-based platform offering operations management solutions
16
Twilio
Sales, Marketing & CRM
Programmatic communications platform for software developers
17
MongoDB
IT Infra & Security Management
Cross-platform database and security management solution
18
DocuSign
Support Functions Platform
Digital agreements management for business transactions
19
Kaspi
Support Functions Platform
Banking services and products for retail and commercial banking
20
Dynatrace
BI & Data Analytics
Software intelligence platform for the enterprise cloud
21
Klaviyo
Marketing Automation Platform
Marketing automation platform for email and SMS marketing
22
Unity Software
Core Operations Platform
Graphic tools to create, run, and monetize real-time 2D and 3D content
23
UiPath
Process Automation
Robotic Process Automation and Enterprise Workflow Automation
24
Waystar
Support Functions Platform
Cloud-based healthcare revenue cycle management solution
25
Q2 Holdings
Core Operations Platform
Cloud-based digital banking solutions for financial institutions
26
Asana
Process Automation
Cloud-based platform offering project management software
27
DigitalOcean Holdings
IT Infra & Security Management
Cloud based integrated application development platform
28
Fastly
IT Infra & Security Management
Cloud based CDN infrastructure management software
29
Ceridian HCM Holding
Support Functions Platform
Enterprise grade Human Resource Management (HRM) software
30
Palantir Technologies
BI & Data Analytics
Intelligence products to augment human driven analysis
View More
View Less
View More

Introduction to SaaS Metrics

SaaS companies have certain unique characteristics that are popularly called the SaaS Economics. These are difficult to be captured by the traditional financial & operational metrics, hence we use several specifically designed indicators to best assess the health and growth potential of Enterprise SaaS companies. We call them the “SaaS Metrics”. Considering the nuances of business model of the constituents of CGES Index, we have divided them across two cohorts for better representation of metrics:
Considering the nuances of business model of the constituents of CGES Index, we have divided them across two cohorts for better representation of metrics:
Image

Self-serve Enterprise SaaS

These are classic SaaS products like Slack, Zoom, Hubspot, etc. that a customer can sign-up and start using immediately. They are typically priced on PUPM (per user per month) basis with average pricing in the range of $10,000 per enterprise per annum.

image

Serviced Enterprise SaaS

These are core platforms that require integrations with existing enterprise software to function seamlessly, like Dynatrace, Five9, Salesforce, etc. These products are priced either basis PUPM or LPA (license fee per annum) depending on the complexity of the solution. The typical pricing per enterprise works out to be above $100,000 per annum.

Image

Self-serve Enterprise SaaS

These are classic SaaS products like Slack, Zoom, Hubspot, etc. that a customer can sign-up and start using immediately. They are typically priced on PUPM (per user per month) basis with average pricing in the range of $10,000 per enterprise per annum.

image

Serviced Enterprise SaaS

These are core platforms that require integrations with existing enterprise software to function seamlessly, like Dynatrace, Five9, Salesforce, etc. These products are priced either basis PUPM or LPA (license fee per annum) depending on the complexity of the solution. The typical pricing per enterprise works out to be above $100,000 per annum.

Self-serve Enterprise SaaS

These are classic SaaS products like Slack, Zoom, Hubspot, etc. that a customer can sign-up and start using immediately. They are typically priced on PUPM (per user per month) basis with average pricing in the range of $10,000 per enterprise per annum.

image

Serviced Enterprise SaaS

These are core platforms that require integrations with existing enterprise software to function seamlessly, like Dynatrace, Five9, Salesforce, etc. These products are priced either basis PUPM or LPA (license fee per annum) depending on the complexity of the solution. The typical pricing per enterprise works out to be above $100,000 per annum.

Image
Image