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