Deloitte Announces Technology Fast 500 Winners

Big Four firm Deloitte & Touche has published its list of the 2002 Technology Fast 500 winners, the 500 fastest-growing North American technology companies. The companies that make the annual list are judged by revenue growth over a five-year period.

Revenues for the companies that appear on this year's list grew by an average of 6.772% over five years, compared to 6.184% for last year's companies. The top five companies on the list, with average revenue growth of 196.763% over five years, are:

  1. ITXC Corp., one of the largest wholesale telephone companies in the world
  2. Extreme Networks, Inc., which provides Ethernet network switching solutions
  3. Cray Inc., supercomputer designer
  4. Openwave Systems Inc., provider of mobile data and messaging services
  5. Universal Access, interconnectivity provider to the global telecommunications companies

Software companies make up 48% of the Fast 500 list this year, followed by life sciences (16%), communications/networking (15%), Internet companies (10%), semiconductor/equipment (7%), and computers/peripherals (4%).

To qualify for consideration for the Technology Fast 500 list, a company must be a technology company that owns proprietary technology that contributes to a significant portion of the company's operating revenues or must devote a high percentage of effort to research and development of technology. The company must have been in business for at least five years and have minimum operating revenue of $50,000 in 1997 and $1 million in 2001, and the company must be headquartered in the United States or Canada.

You can view Deloitte & Touche's Technology Fast 500 lists for the past six years.

You may like these other stories...

For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...
Earlier this year I wrote about my mixed feelings on Excel for iPad's debut. My closing sentence for that article read "The early iterations of Microsoft products tend to have rough edges that get smoothed out with...
Say goodbye to the days of manual expense reports. Automated expense management products have arrived in the market with advanced processes that are saving companies tremendous amounts of time and money. In fact, a recent...

Already a member? log in here.

Upcoming CPE Webinars

Sep 18
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.