Wednesday, September 15, 2010

11 Fastest-growing IT companies

11 Fastest-growing IT companies

11 Fastest-growing IT companies

Fortune recently released its annual 100 Fastest-Growing Companies list. The list across categories reveals top performers of the global economy. This year's list has companies that made a mark in a stagnant economy. And if you thought it's the technology behemoths who adorn the list, you got it wrong!

The top 11 IT companies in the list, except one, are emerging technology companies who have recorded consecutive quarters of growth.

Here's over to the 11 fastest-growing technlogy stars.
-- TOI Tech 

Ebix

Ebix
The fastest growing IT company is Ebix, a US-based IT consulting and outsourcing company. The company posted $12.4 million in profits for the first quarter of this year, roughly same as it earned in the year 2007. The company's stock was recently named among the 10 most profitable stocks, by a market analyst firm.

The company has over 100 insurance companies as clients spread across some 50 countries. Ebix expertise includes running online exchanges for insurance policies and annuities, claims processing and building custom software solutions.

In 2009, Ebix acquired three companies, including software firm E-Z Data.

Salesforce.com


Salesforce.com
With cloud computing touted to be the next big technology, it is little surprising to see enterprise cloud computing software company Salesforce.com adorning Fortune's Fastest-growing companies list.

Salesforce, which competes with SAP, Microsoft, Oracle and NetSuite, specializes in cloud computing services which run software applications on its computer servers on behalf of clients.

In 2009, Salesforce.com firm signed up 17,100 new customers to its line of subscription-based services, a 19% increase. Wall Street analysts are positive about the way the company performed in an uncertain economic environment.

Chief Executive Marc Benioff recently said that he is "very bullish" about true cloud computing increasing efficiency at low levels of costs for client companies. "I think you're going to continue to see strong growth, which is why we are delivering such a huge increase of our guidance," Benioff said.

Pegasystems


Pegasystems
Cambridge-based Pegasystems is one of the leading companies offering business process management (BPM) and customer relationship management (CRM) solutions. Boasting twelve consecutive quarters of record revenues, the leader in BPM and CRM solutions, helps organizations enhance customer loyalty, generate new business, and improve productivity.

The company focuses on financial services, insurance and healthcare and includes HSBC, Aetna and Allstate among its clients. In April, Pegasystems acquired Chordiant Software, swelling its offerings of products that help companies streamline business practices, manage relationships with customers and boost productivity.

Pegasystems jumped 11 spots on Fortune's list this year, up from No. 19 in 2009.

Priceline.Com

Priceline.Com
At fourth number is the online travel-booking site, Priceline.com. The company recently shook off Iceland's financial woes in Europe by reporting a 72% surge in its second-quarter earnings.

Faster-than-expected recovery in European travel demand amid a weak euro and the volcanic ash cloud that disrupted travel during months of May, June helped the online travel agency.

The compny's gross bookings, or the value of all travel services bought online through Priceline's sites, grew 43% to $3.4 billion.

Sohu.com

Sohu.com
China's Internet portal Sohu.com is the fifth fastest-growing IT company. Beijing-based Internet portal Sohu.com is betting big on its library of online videos.

Sohu's ad sales rose 26% in the most recent quarter, as Internet traffic surged during the 2010 World Cup and World Expo in Shanghai. According to Fortune, the star of the firm's suite of online properties is Changyou.com Ltd, the online gaming unit Sohu partially spun off in 2009. Changyou is the maker of TLBB, one of China's most popular online games.

Apple

Apple
At no. 5 is the company with the midas touch, Apple. With its iMac, iPod, iPhone and now iPad, Apple has revolutionised computing, music and mobile industries. The company's latest launch iPad has left hardware vendors scrambling to launch tablet PC. Apple shipped 3.3 million of the tablet computers in the quarter it was introduced, and also posted record Mac computer sales.

Sales of iPhones and related services nearly doubled for the first nine months of 2010, compared to the year-ago period.

NetScout Systems






NetScout Systems
The sixth fastest-growing technology company is NetScout Systems, a key player in the Unified Service Delivery Management market.

NetScout's manufacturing operations consist primarily of final product assembly, configuration and testing. The Company sells its products to enterprise, public sector and service providers and other organizations with large- and medium-sized high-speed computer networks. Its enterprise customers cover a range of industries, such as financial services, technology, manufacturing, healthcare, utilities, education and retail.

AsiaInfo Holdings


AsiaInfo Holdings
AsiaInfo-Linkage, formerly Asiainfo Holdings Inc, provides telecommunications software solutions and information technology (IT) security products and services in China. The company's operations are organized into two divisions: AsiaInfo Technologies (China) Inc and Lenovo-AsiaInfo Technologies.

AsiaInfo Technologies encompasses the company's traditional telecommunications business and provides software solutions to China's telecommunications carriers. Lenovo-AsiaInfo provides IT security products and services tailored for small- and medium-sized companies and government agencies in China.

Research In Motion

Research In Motion
Blackberry-maker Research In Motion ranks at no. 8. The Canada-based company shipped its 100 millionth smartphone in the most recent quarter, powered by gains in Latin America and Asia.

The company has lately been facing some tough time. The iPhone and devices based on Google Inc’s Android software are making inroads into RIM’s dominance in corporate mobile e-mail. The European Commission, the executive arm of the 27-country European Union, this month opted for the iPhone and Android handsets made by HTC Corp over the BlackBerry, after a similar move by Standard Chartered Bank Plc.

RIM also faces questions about the security of its e-mail system after the Indian government said recently that it wouldn’t ban BlackBerry service while it tests the company’s solution to allow monitoring of the service. The United Arab Emirates, another country concerned about how the RIM devices may be used to disrupt social order or plan terrorist attacks, has said progress is being made in negotiations with the company to avert a halt of the BlackBerry service starting October 11.

Multi-Fineline Electronix


Multi-Fineline Electronix
At no. 9 is Multi-Fineline Electronix, a provider of flexible printed circuits and component assembly to the electronics industry. The company had sales growth of 3.7% during the last fiscal year. The company has reported $763.8 million in sales over the past 12 months and is expected to report $951.8 million in sales in the next fiscal year.

Applications for its products include feature phones, smart phones, consumer electronic devices, portable bar code scanners, computer/storage devices and medical devices. The Company provides its solutions to original equipment manufacturers (OEM), which produce devices, such as feature phones and smart phones and to electronic manufacturing services (EMS) providers.

The company is expanding with new factories in China.

Cognizant Technology Solutions






Cognizant Technology Solutions
At no.10 is US IT company Cognizant Technology Solutions. The company recently reported a profit that topped market estimates for the sixth straight quarter, helped by a surge in discretionary projects, and raised its outlook for the year.

Cognizant attributed part of the rise in discretionary spending to pent-up demand from projects deferred last year. For 2010, the company forecast earnings of at least $2.42 a share, excluding items, on revenue of at least $4.46 billion, or up at least 36 percent from a year ago.

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