Apple finishes second on Forbes list of fastest growing tech companies

Posted:
in General Discussion edited January 2014
Despite being a monolith of a company, Apple jumped up 14 spots on the Forbes Fast Tech 25 list on an acceleration of growth even after years of posting record quarterly numbers.

In its annual list, Forbes ranks the fastest-growing tech companies and found that Apple's ascension shows no signs of stopping in the near future despite years of record earnings.

To create the list, over 5,000 publicly traded tech companies with a minimum revenue of $150 million and minimum market value of $500 million were examined to find the most profitable.

Coming out on top was LinkedIn which saw a 115 percent revenue increase over the past 12 months with stock value up 144 percent since its IPO last year. The social networking company posted $522 million in sales and has a three-year average sales growth of 89 percent, the highest of the list's top 25.

Apple placed second with a 63 percent year-to-year growth in sales that amounted to a competition-crushing $142.36 billion in revenue. The nearest company on the list was ninth-place computer programmer Cognizant Technology Solutions with $6.1 billion in sales. Apple enjoyed a three-year average sales growth of 43 percent.

Forbes Fast Tech 25
Top ten fastest growing tech companies. | Source: Forbes


Following the iPad maker was Qlik Technologies, a business analytics software firm that managed $337 million in sales which translated to a 37 percent increase over the past year. Cloud-based healthcare service Athenahealth and data service provider Equinix rounded out the top five with sales growths of 34 percent and 27 percent, respectively.

Comments

  • Reply 1 of 13
    uguysrnutsuguysrnuts Posts: 459member


    Shows how irrelevant Forbes' measuring tape really is.

  • Reply 2 of 13
    smiles77smiles77 Posts: 668member
    That is insane. Comparatively, absolutely mind-blowing.
  • Reply 3 of 13
    solipsismxsolipsismx Posts: 19,566member
    I think Jon Stewart summed up perfectly how LinkedIn affects my life.

    smiles77 wrote: »
    That is insane. Comparatively, absolutely mind-blowing.
    It's amazing the largest public company in the world can still be having so much YoY growth. I can't think of a single example where this has ever happened before.
  • Reply 4 of 13

    Quote:

    Originally Posted by AppleInsider View Post



    Apple placed second with a 63 percent year-to-year growth in sales that amounted to a competition-crushing $142.36 billion in revenue. The nearest company on the list was ninth-place computer programmer Cognizant Technology Solutions with $6.1 billion in sales. Apple enjoyed a three-year average sales growth of 43 percent.

     


     


     


    These results are absolutely astounding for a semi-mature company like Apple. 

  • Reply 5 of 13


    The ability to manufacture technology is finally catching up to Apple's demand for it.  Apple had this vision of technology the whole time, but now that we can actually build it, they are unleashing so much pent up potential.  There is still more potential, but touch, retina, wireless, awesome battery were most of the equation!

  • Reply 6 of 13
    tallest skiltallest skil Posts: 43,399member

    Quote:

    Originally Posted by ClementineOrange View Post

    There is still more potential, but touch, retina, wireless, awesome battery were most of the equation!


     


    And once ISPs are forced to actually improve the US' third-world network, the rest of Apple's vision can fall into place.

  • Reply 7 of 13
    envirogenvirog Posts: 188member
    Granted the list is judging 'Fastest growing', but it's hardly relevant when compared to the revenue & impact of other companies listed especially in comparison to Apple. LinkedIn?! NEXT!!!
  • Reply 8 of 13
    envirog wrote: »
    Granted the list is judging 'Fastest growing', but it's hardly relevant when compared to the revenue & impact of other companies listed especially in comparison to Apple. LinkedIn?! NEXT!!!

    It's amazing that such a big company can grow as quickly as Apple has in the last few years.
  • Reply 9 of 13
    pokepoke Posts: 506member


    Since P/E is supposed to reflect growth, here's the P/E ratios of the companies in the top 10:


     


     


    Linkedin 663.26


    Apple 13.82


    Qlik Technologies 275.6


    AthenaHealth 143.9


    Equinix 85.3


    Ebix 10.5


    Aruba Networks 33.8


    Riverbed Technology 48.5


    Cognizant Technology Solutions 20.6


    Shutterfly 95.0
  • Reply 10 of 13
    anantksundaramanantksundaram Posts: 19,040member

    Quote:

    Originally Posted by poke View Post


    Since P/E is supposed to reflect growth, here's the P/E ratios of the companies in the top 10:


     


     


    Linkedin 663.26


    Apple 13.82


    Qlik Technologies 275.6


    .....


    etc



    Yes, as you say, P/E does reflect expected future growth in earnings, but markets can also sometimes get their growth forecasts quite wrong.

  • Reply 11 of 13
    philboogiephilboogie Posts: 7,438member
    solipsismx wrote: »
    I think Jon Stewart summed up perfectly how LinkedIn affects my life.

    The second video today that requires Flash on my Mac (which I didn't bother to install) but the video works just fine on my iPad (the regular website video that is). I wonder why that is...
    Funny, that Jon guy.
  • Reply 12 of 13
    bothbestbothbest Posts: 1member
    this is totally unbeilievable, how it can happen like that.
  • Reply 13 of 13
    radster360radster360 Posts: 540member


    This is such a pointless list. 

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