Google named fastest growing US technology company
21 October 2004
Search giant Google has been named the fastest growing technology company in North America.
The company topped the 2004 Deloitte Technology Fast 500, a ranking of the fastest growing technology companies in North America based on percentage revenue growth over five years.
Google has seen revenue growth soar over five years by 437,115 per cent, moving from revenues of $220,000 in 1999 to $961,874,000 in 2003. This year marks the company's first appearance on the Fast 500 ranking.
"Google tops a list of companies that are proving the resilience of the technology sector," said Mark Evans, managing partner of Deloitte's Technology, Media & Telecommunications Group.
"With growth percentages ranging from 329 to 437,115 percent, the Fast 500 winners have demonstrated an ability to perform in difficult conditions."
Google, based in Mountain View, California, has become a household name. The company recently went public and stated that it will not issue financial forecasts.
Recent reports have suggested that the search engine expects to add 372,050 advertiser accounts by 2008, but Google has denied the rumours, first published in The San Francisco Chronicle.
The newspaper claimed that internal company documents predicted that advertising accounts would increase by more than 130 per cent, from 280,000 in 2004 to 652,050 in 2008.
Google is due to post its first quarterly results as a public company this week.
Apply for your free web assessment - get a complete health check and optimisation action plan from Weboptimiser, the experts.
Related news
|
|
Leading brand search engine marketing since 1996
Founded in 1996 as an SEO company, Weboptimiser is today one of the Internet marketing sector's best-known and most respected search engine optimisation (SEO) and pay per click (PPC) search engine marketing companies.
With a unique portfolio of brand-friendly services, including usability, contextual advertising and web analytics, a pioneering methodology that covers all 4 stages of interaction between a web site and its visitors, we make our clients sites faster, smarter, busier and more profitable.
