Fastest growing tech company in the world?
Posted in This Just In... on August 18th, 2009 by gkrakow
According to Fortune Magazine in their latest round-up of the “Top 10 Fastest Growing Techs” number one on their list is not Apple (although they DID make the list) or Google or Palm.
It is Research in Motion. You know them best for making BlackBerries.
As a matter of fact, Fortune says the Canadians at RIM are on a roll:
Blackberries are still the cell phone standard for corporate America. RIM has sold 65 million phones in the past ten years. They hold a 74% share of business smartphone market.
For the first half of 2009, the BlackBerry Curve outsold Apple’s iPhone, making it the bestselling consumer smartphone in the U.S.
RIM’s 3-year average earnings-per-share growth is 84%. Annualized revenue growth in that time is 77%. Its shares have a three-year annualized total return of 45%.
Fortune adds that with the smartphone market expected to double in the next five years Research in Motion looks like a winner
The rest of Fortune’s list is as follows:
Sigma Designs – maker of system-on-a-chip processors (DVD, Blu-Ray players, TVs)
Sohu.com – China-based, Chinese language Internet company
Ebix – Websites facilitating exchanges of insurance policies, annuities, etc.
Millicom International Cellular – Luxembourg-based cellular provider focusing in Third World markets
Pegasystems – They helping companies like Ford, J.P. Morgan Chase, and Wells Fargo to identify computer fraud, manage payments, etc.
Apple – Just one word explains it all these days – iPhone
AsiaInfo Holdings – Telecommunications software and IT security products