3D Systems ranked 4th on Forbes List of America's 25 Fastest-Growing Tech Companies
3D Systems has been ranked at 4th place on a Forbes list of America's 25 fastest growing tech companies, which has been topped by career-oriented networking portal LinkedIn Corp. (NYSE:LNKD)
LinkedIn topped the list with 102 percent growth in average sales over the past three years and 51 percent growth in three-to-five-year estimated earnings per share, or EPS.
3D Systems came in fourth - "3D Systems: Printing 3-D objects from scratch is one of the hottest growth ideas in tech, and 3D Systems is a top seller of the machines. Its home version is called the Cube ($1,299)." describes Forbes.
3D Systems had an average 46 percent growth in sales for the past three years and 30 percent growth in estimated EPS.
Others on the list include IPG Photonics (5th), EPAM Systems (6th), Shutterstock (7th), InvenSense (8th), Shutterfly (9th), OpenTable (10th), SolarWinds (11th), athenahealth (13th), Ixia (14th) and Equinix (15th).
Interestingly, the online search engine giant Google Inc. (Nasdaq:GOOG) was No. 17 on the list.
"The list is a pretty good leading indicator of market outperformance", says Forbes in the story.
Each year Forbes combs 25 fastest-growing technology companies from more than 5,000 publicly traded technology companies. Only profitable companies with a minimum revenue of $150 million and a minimum market value of $500 million can be included in the list. Further Forbes looked for firms with sales growth of at least 10% for each of the past three fiscal years and over the latest 12 months. Forbes also required companies to have three-to-five-year estimated earnings-per-share growth rates greater than 10%. Finally they ranked companies based on their three-year average sales growth rates in descending order.