THQ named to business 2.0 100 fastest-growing tech companies list
Good news for publishing giant
THQ today announced that it has been named to Business 2.0 magazine’s 100 Fastest-Growing Technology Companies list. Ranked #29, THQ’s stock performance, as well as growth in revenues, earnings and operating cash flow were recognized in the magazine’s first-ever ranking of the fastest growing, publicly-traded technology companies.
Starting with more than 2,000 publicly traded technology companies tracked by Zacks Investment Research, Business 2.0 narrowed the list to those with at least three years' history, $50 million in revenues, and positive cash flow from operations in the most recently reported 12 months. In consultation with finance professors George Foster of Stanford, Brett Trueman of the University of California at Berkeley, and Chip Ruscher of the University of Arizona, Business 2.0 created a ranking algorithm that combined 12-month stock-market return with revenue, earnings, and operating cash flow growth during the past three years. The first three measures each count for 20 percent of a company's overall ranking, the last for 40 percent.
Starting with more than 2,000 publicly traded technology companies tracked by Zacks Investment Research, Business 2.0 narrowed the list to those with at least three years' history, $50 million in revenues, and positive cash flow from operations in the most recently reported 12 months. In consultation with finance professors George Foster of Stanford, Brett Trueman of the University of California at Berkeley, and Chip Ruscher of the University of Arizona, Business 2.0 created a ranking algorithm that combined 12-month stock-market return with revenue, earnings, and operating cash flow growth during the past three years. The first three measures each count for 20 percent of a company's overall ranking, the last for 40 percent.
Companies:
THQ
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