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Thursday, 24 November 2005 17:41

People Telecom tops Deloitte 'Fast 50' rankings

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Deloitte today announced Australia's fastest growing technology companies, naming NSW-based People Telecom the overall winner with three-year revenue growth of 2,410 percent. Another telco, Brisbane based Pipe Networks came in at number seven.

People Telecom is an ASX-listed full-service telecommunications company that offers a range of products including broadband Internet access, fixed wire phone services, mobile phone services and corporate data products.

Allied Technologies, which has just sold its TUSC systems integration subsidiary to Ericsson Australia was ranked number six.

The Deloitte Technology Fast 50 ranks the 50 fastest growing technology companies, public or private, based on percentage revenue growth over three years (2003 to 2005) and includes all related industry sectors: communications; software; semiconductors, components and electronics; life sciences; internet; and computer peripherals.

The average three-year revenue growth of the fifty companies was 376 percent and the average growth of the top ten companies was 1330 percent.

Deloitte growth solutions partner, Julia Bickerstaff, said: "The winners of the 2005 Deloitte Technology Fast 50 represent an incredible $2 billion of revenue earned in 2005, double that of last year's winners. The upturn in the sector is providing a healthy breeding ground for new companies.

"This year is the first year that Internet companies have had the highest number of winners (38 percent), helping to restore faith in the 'dot.com' sector.

"Software companies were the second-most represented sector (20 percent), however representation has dropped from previous years, 2004 - 30 percent and 2003 - 42 percent. The Communications sector remained steady with eight companies (16 percent), the same as last year. The IT sector doubled with eight winners this year (four in both 2004 and 2003). Representation from the semi conductors and Life Sciences sectors declined from last year with two and three winners respectively, compared to five and four last year."

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