Talk about a nice feat! Today, Forbes released its annual list for the “25 Fastest Growing Technology Companies” in America, and Neutral Tandem placed an impressive second overall with a stellar sales growth rate of 100% every year for the past five years. A considerable achievement indeed, considering that Forbes annually reviews more than 5,000 tech companies each year for this exclusive list!
In order to determine the top 25 fastest growing tech companies in America, Forbes revisits the prior year's list to see how it performed against the market. The stock market continued its slow but sure recovery. According to Forbes, from March 12, 2010, through Feb. 2, 2011, companies on the Nasdaq 100 Technology Sector Index were up 27%; companies on the S&P 500 lagged far behind, but still registered a 13% increase. Forbes’ list of fast-growing techs largely defeated both indexes, gaining 44% overall, or 34%, which exclude acquisitions.
Forbes examined over 5,000 technology companies, looking for minimum sales of $25 million and sales growth of at least 10% over the latest 12 months. To be included within the list, Forbes also required median long-term (three-to-five year) earnings-per-share growth estimates to be greater than 10%; and ranked companies on their five-year sales growth, which needed to be in double-digit territory for each year. Lastly, utilizing detailed scoring data from Audit Integrity, a global governance ratings and research firm, to weed out any companies that had substantial legal concerns, accounting, or governance issues. For full article, visit here.
All in all, great news for Neutral Tandem!
Neutral Tandem, headquartered in Chicago, provides voice, data and video interconnection services worldwide, enabling broadband providers to exchange data between their respective networks. For more information, please visit www.neutraltandem.com.
