Demand for QlikView gives QlikTech Third spot on Forbes Fast Tech 25
Posted by Joe Maume on Tue, May 15, 2012 @ 09:09 AM
QlikTech ranked third on Forbes annual list of America’s 25 Fastest-Growing Tech Companies. With LinkedIn and Apple occupying the top two spots. This is the first year that QlikTech has made the list, and to rank third on it is quite the achievement. With 12 month sales of $337 million and 12 month sales growth of 37% it's no surprise QlikTech finished so high. And with the third highest estimated earnings per share growth over the next three to five years, there is a strong possibility for QlikTech to make a return appearance on the list.
To compile the list, Forbes analysed more than 5,000 publicly traded technology companies with minimum revenue of $150 million and a minimum market value of $500 million. To be considered, companies had to show sales growth of at least 10 per cent for each of the past three fiscal years and over the latest 12 months. Additionally, companies had to have three-to-five-year estimated earnings-per-share growth rates greater than 10 per cent. The finalists were ranked based on their three-year average sales growth rates.
By finishing third on the list QlikTech shows it's ready to become a market leader in the relatively new sector of self service business intelligence. As you can see in the blog post last Friday Users Take Charge of BI, consumers are fed up with traditional BI solutions being outdated and too rigid in design. With QlikView offering instant answers to any question, mountains of advice from the QlikView community and flexibility and mobile access like no other. It's easy to see why QlikTech finished so high on Forbes Fast Tech 25 list, and why it is becoming more and more of a force to be reckoned with.
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