Gigamon Named to Forbes’ Annual List of 25 Fastest Growing Companies in Tech
July 2017 by Marc Jacob
Gigamon announced today that it has been named to Forbes Fast Tech 25 list in 2017. Firms featured on the Fast Tech 25 have demonstrated strong sales growth over the past three years and will lead their industry in projected earnings growth for the next three to five years, according to Forbes.
The Company’s 2016 financial highlights include revenue of $310.9 million, a 40 percent increase over the prior year, and compound annual growth rate of 30 percent over the previous three years.
In determining the Fast Tech 25 list, Forbes considers approximately 5,000 publicly traded companies in the tech sector, looking for profitable firms with a minimum revenue of $150 million and a minimum market value of $500 million. Forbes identifies tech companies with sales growth of at least 10% for each of the past three fiscal years and over the last 12 months, and ranks firms in descending order based on their three-year-average sales growth.