Business Wire (http://home.businesswire.com) announced on October 20 that the search engine giant Google (www.google.com) was named the fastest growing technology company in North America, topping the 2004 Deloitte Technology Fast 500 (www.fast500.com), a ranking of the fastest growing technology companies in North America based on percentage revenue growth over five years (fiscal year revenues 1999-2003) by Deloitte & Touche USA LLP (www.deloitte.com).
Google had a revenue growth rate over five years of 437,115 percent, moving from revenues of $220,000 in 1999 to $961,874,000 in 2003. Overall average percentage growth for all 500 winners was 4,109 percent, down from last year's 5,493 percent and 6,772 percent for 2002. The average in 2001 was 6,184 percent and 3,956 percent for 2000.
Mark Evans, managing partner of Deloitte's Technology, Media & Telecommunications Group, said that Google tops a list of companies that are proving the resilience of the technology sector, and that, with growth percentages ranging from 329 to 437,115 percent, the Fast 500 winners have demonstrated an ability to perform in difficult conditions.
