RIM named fastest growing company by Fortune magazine
by Amy Terrill on Wednesday, August 19th, 2009
For the first time, Fortune has opened its coveted list of the 100 fastest growing companies up to non American firms, and what do you know, but RIM, proudly Ontarian, has topped the list.
Fortune credits RIM’s dominance in the business mobile market as well as its ability to meet its challengers in the consumer market. Of course, the numbers speak for themselves: three year average earnings-per-share growth of 84%; annualized revenue growth of 77%; and a three year annualized return of 45% of its shares.
Chairman and Co-CEO, James Balsillie, participated at the inaugural Ontario Economic Summit and RIM has been represented on our delegate list almost every year since then. RIM is also a member of the Ontario Chamber of Commerce.
August 24th, 2009 at 8:49 am
This is great news – and, in fact, we cover it in our most recent episode of commandN.tv (http://commandn.tv/192).
Hopefully the trend is for more and more of these artificial border-barrier issues to be torn down. Surely it’s an easy step towards legitimate globalization to at least be including Canada from the US perspective on these types of things – it’s not like we aren’t a major player in their markets, even if we’re only 1/10 their size.
So good on Fortune and congrats to RIM!
Jeff