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Blackberry 'fastest-growing firm' | Blackberry 'fastest-growing firm' |
(1 day later) | |
The maker of the Blackberry mobile phone, Research in Motion (RIM), is the world's fastest-growing company, according to business magazine Fortune. | The maker of the Blackberry mobile phone, Research in Motion (RIM), is the world's fastest-growing company, according to business magazine Fortune. |
Canada-based RIM has come top of the magazine's latest annual guide to the 100 fastest-growing businesses. | Canada-based RIM has come top of the magazine's latest annual guide to the 100 fastest-growing businesses. |
In second place was US chipmaker Sigma Designs, with Chinese internet business Sohu.com coming in third. | In second place was US chipmaker Sigma Designs, with Chinese internet business Sohu.com coming in third. |
Fortune rates a firm's growth on a combination of its profits, turnover and investment return over three years. | Fortune rates a firm's growth on a combination of its profits, turnover and investment return over three years. |
Chinese presence | Chinese presence |
RIM had not previously featured in the annual growth list, as 2009 is the first year that companies outside of the US have been included. | RIM had not previously featured in the annual growth list, as 2009 is the first year that companies outside of the US have been included. |
10 FASTEST GROWING FIRMS 1. RIM2. Sigma Designs3. Sohu.com4. Ebix5. DG Fast Channel6. CF Industries7. Shanda Industries8. Arena Resources9. Bruker10. Potash Corporation Source: Fortune | 10 FASTEST GROWING FIRMS 1. RIM2. Sigma Designs3. Sohu.com4. Ebix5. DG Fast Channel6. CF Industries7. Shanda Industries8. Arena Resources9. Bruker10. Potash Corporation Source: Fortune |
Thanks to a big rise in the popularity of its Blackberry handsets, 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%. | Thanks to a big rise in the popularity of its Blackberry handsets, 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%. |
Revenues at Sigma have risen 104% since 2007, thanks to increased sales of Blu-ray disc players, and a deal with computer giant Microsoft. | |
"Since the Great Depression, some companies just keep growing. And not only in the United States," said Fortune. | "Since the Great Depression, some companies just keep growing. And not only in the United States," said Fortune. |
Led by Sohu.com, five Chinese firms made it onto the list. | Led by Sohu.com, five Chinese firms made it onto the list. |
Online computer games website Shanda was in seventh place, with hotel reservation agency Ctrip.com at 38, telecom software firm Asia Info at 40, and China Medical Technologies at 73. | Online computer games website Shanda was in seventh place, with hotel reservation agency Ctrip.com at 38, telecom software firm Asia Info at 40, and China Medical Technologies at 73. |
Fortune said Chinese firms were benefiting from the country's continuing strong economic growth in the face of the global recession. | Fortune said Chinese firms were benefiting from the country's continuing strong economic growth in the face of the global recession. |
Apple was in 39th place on the list, while Google came 68th. | Apple was in 39th place on the list, while Google came 68th. |
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