Virginia, US: GeoEye announced that it has been ranked 84th on FORTUNE Magazine’s 2010 “100 Fastest-Growing Companies” list. The complete list and related stories will appear in the September 6, 2010 issue.
GeoEye qualified for the 100 Fastest-Growing Companies list by meeting several criteria which include posting an annualised growth in revenue and earnings per share of at least 15 per cent annually over the three years ended on or before April 30, 2010; trading on a major US stock exchange continuously since June 30, 2007; filing quarterly reports with the SEC; having a minimum market capitalisation of USD 250 million; and having a stock price of at least USD 5 on June 30, 2010. The company also had revenue and net income of at least USD 50 million and USD 10 million respectively, for the four quarters ended on or before April 30, 2010.
Companies that met the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualised total return for the period ended June 30, 2010. To compute the revenue and EPS growth rates, FORTUNE used a trailing four quarters log linear least square regression fit. The overall rank was based on the sum of the three ranks.
FORTUNE Managing Editor Andy Serwer has written in the September 6, 2010 issue, “The troubled economy is on all of our minds these days, but sometimes we forget that even in the long slog we seem to be in, entrepreneurs are hard at work, creating the next Cisco or Amgen or Starbucks.”
Matt O’Connell, GeoEye’s Chief Executive Officer and President, said, “The worldwide demand for satellite imagery, change monitoring and surveillance continues to resist recessions and budget pressures. This, along with GeoEye’s ability to collect and disseminate imagery with the world’s highest resolution and unmatched accuracy in a timely, reliable and cost-efficient manner, will continue to drive the growth of our business.”