Monday, August 24, 2009

Blackberry ~ 'fastest-growing firm' says the business magazine Fortune..


Research in Motion (RIM), the maker of the Blackberry mobile phone, ranks one in the list of ‘world's fastest-growing company’, says the business magazine Fortune.
In the magazine’s latest annual guide to the 100 fastest-growing businesses, Canada-based RIM has come at the top. The second and third place being occupied by US chipmaker Sigma Designs and Chinese internet business Sohu.com respectively.
The Firm growth is measured as a combination of profits, turnover and investment return over three years.
At the same time Apple was in 39th place, while Google came 68th on the list.
Profits at RIM have grown 84% over the past three years, while its revenues have expanded 77%, and it has seen a total return of 45%. The credit goes to the huge popularity of its Blackberry handsets.
It is the first time that companies outside of US have been not only included but ranked first among the 100 fastest-growing businesses.
Revenues at Sigma have seen a rise of 104% since 2007, thanks to increased sales of Blu-ray disc players, and a deal with computer giant Microsoft.

This year five Chinese firms made it onto the list, with Sohu.com, Online computer games website Shanda, reservation agency Ctrip.com, telecom software firm Asia Info and China Medical Technologies being some other companies from countries other than US.
Fortune reports that Chinese firms were benefiting from the country's continuing strong economic growth in the face of the global recession.

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