Each year, Fortune Magazine makes a list of the fastest growing companies. The list is ranked by growth in revenue, profits, and stock price. Like past years, Fortune Magazine has revealed its annual list of the 100 Fastest-Growing Companies for 2012. In that list, Apple is in no. 8 position, and it is not the first tech company on the fastest growing company list.
Since Steve Jobs passed away last year, Apple’s share price has risen almost 80%. In August, the iPhone maker overtook Microsoft as the largest-ever U.S. company by stock-market value. According to Fortune, Apple posted the following 3-year averages.
Profit Growth : 70%
Revenue Growth : 52%
Total Return : 60%
Net Income : $38,617 million
Revenue : $142,360 million
The top ten companies in the list are (in order) – silver sourcing company Silver Wheaton of Vancouver, BC; audio decoder chip manufacturer and Apple supplier Cirrus Logic from Austin, TX; search engine Baidu based in Beijing, China; oil refiners HollyFrontier out of Dallax, TX; Pittsburgh, PA’s real estate vendor HFF; athletic clothes supplier lululemon athletica based in Vancouver, BC; energy company Northern Oil and Gas headquartered in Wayzata, MN; Apple in eighth place; fiber laser developer IPG Photonics from Oxford, MA; and oilfield services company RPC in Atlanta, GA.
|Rank||Company||Earnings growth||Revenue growth||Total return|
|7||Northern Oil and Gas||122%||237%||36%|
Last year, when Fortune Magazine published top 100 Fastest-Growing Companies list, Apple was in no. 21 on that list. Undoubtedly, Apple’s ascent from last year’s 21st place to this year’s 8th place is a healthy boost. Here is the full list of 100 Fastest Growing Companies for 2012.
Source : CNN
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