Google Tops List Of Fastest-Growing Tech Companies - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Business & Finance
05:45 PM
Connect Directly

Google Tops List Of Fastest-Growing Tech Companies

Google Inc. topped the Deloitte & Touche, USA, LLP's list of fastest-growing tech companies in North America. The annual ranking, released last week and based on revenue growth over five years, pegged Google's revenue growth rate at 437,115%, with revenue of $962 million in 2003 compared with $220,000 in 1999.

The recognition appears well-earned given the search company's earnings report last week: record revenue of $805.9 million for the quarter ended Sept. 30, up 105% year over year.

Only two of the top 10 companies on the list have appeared on it in previous years. TheraSense Inc., now part of Abbott Laboratories, ranked No. 1 in 2003 and is No. 2 this year. Cardiac Science ranked No. 417 in 2002, No. 107 in 2003, and fourth this year.

The ranking includes public and private companies in communications and networking, computers and peripherals, Internet, life sciences, semiconductors and equipment, and software.

Top 10 Fastest-Growing Tech Companies
Company Industry Five-year revenue growth
Google Internet 437,115%
TheraSense Life sciences 249,140%
STSN Communications/
Cardiac Science Life sciences 60,077% Internet 51,648%
Kyphon Life sciences 50,102%
Magma Design Automation Software 33,127%
Align Technology Life sciences 29,760%
HouseValues Internet 28,878%
InterMune Life sciences 27,623%
Data: Deloitte & Touche, USA
"We're pretty happy about the ranking as we believe it substantiates the business model and methods that we've employed since our outset," Tamim Mourad, CEO of No. 5-ranked LLC, says via E-mail. "While many other Internet-only businesses went down the path of simply growing users at ridiculous costs or pursuing cash-out strategies, we've remained 100% focused on the goal of bringing together buyers and sellers and creating an easy-to-use, deep site that focuses solely on the comparison-shopping experience."

Companies making the list tend to be entrepreneurial, driven by an individual or small group of people, says Mark Evans, managing partner of Deloitte's technology, media, and telecommunications group. They've also dealt successfully with the management challenge of rapid growth. "What stands out this year is the life-sciences sector has emerged as the most consistent and significant growth category," he says.

Life-sciences companies accounted for 22% of the list, up from 19% four years ago. Software companies were 38% of the list, down from 48% two years ago.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
Register for InformationWeek Newsletters
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll