Its that time of year again for the annual Deloitte Fast 50, can you believe this is the 15th year for the program the awards Canadian companies and individuals in the following categories – Companies-to-Watch (CTW), Leadership and Technology Green 15.
Vancouver-based Avigilon Corporation ranked at the top of the list with a revenue growth rate of 29,917%, although overall data from this year’s winners show a sharp decline in average growth from previous years.
The average growth rate of a Fast 50 company is 1,953% in 2012, which is down from over 5,000% in the last two years and the second lowest average growth rate in the last 12 years. In 2012, only 11 of the Fast 50 companies are publicly traded. This is also a new low that is down from about 70% in 2005.
Although growth slowed down, this year’s Fast 50 companies continue to invest and create jobs. R&D spending for all of the organizations on the list is more than $1.6 billion. They collectively employ more than 27,000 people.