NVIDIA Ranked Fourth Fastest Growing Technology Company
Business 2.0 B2 100 List Recognises NVIDIA for Financial Performance
NVIDIA Corporation (Nasdaq: NVDA), the worldwide leader in visual processing solutions, today announced that Business 2.0 magazine has ranked the company as the fourth fastest-growing technology company in the annual B2 100 List. The B2 100 will be featured in the October 2003 issue of the magazine.
Jen-Hsun Huang, chief executive officer, NVIDIA Corporation, commented:"NVIDIA’s market leadership position is a result of our commitment to constant innovation and our focus on excellence. We have a great team of employees whose creativity and work ethic has led us to the top of our industry. Our success is a result of their vision, passion and determination to build one of the most influential technology companies in the world."
To make the B2 100, companies had to meet rigorous financial requirements. The list of 100 was winnowed down from an original group of 2,000 publicly-traded tech firms. Criteria for making the final list included at least three years of trading on a major U.S. stock exchange, at least $50 million in annual revenue and positive cash flow over the most recently reported 12 months. Business 2.0 editors then ranked the companies with the help of Zacks Investment Research of Chicago, using a combination of four financial criteria: growth in revenue, profit and operating cash flow during the past three years and the 12-month stock return. Cash flow growth counted for 40 percent of a company’s ranking; each of the other criteria counted for 20 percent.
In announcing this year’s list, Business 2.0 editor Josh Quittner observed that "companies on the 2003 B2 100 have shown remarkable results in a most challenging business environment. But what the list shows is who to watch, who to watch out for and what we can learn from the leaders. Technology is alive and well, as proven by the performance of these companies."
About BUSINESS 2.0
Business 2.0, a monthly magazine about business, technology and innovation, is
published by The FORTUNE Group at Time Inc., an AOL Time Warner company. For more
information, visit its Web site at www.business2.com.
About NVIDIA
NVIDIA Corporation is a market leader in visual computing technology dedicated to creating products that enhance the interactive experience on consumer and professional computing platforms. Its graphics and communications processors have broad market reach and are incorporated into a wide variety of computing platforms, including consumer digital-media PCs, enterprise PCs, professional workstations, digital content creation systems, notebook PCs, military navigation systems and video games consoles. NVIDIA is headquartered in Santa Clara, California and employs more than 1,400 people worldwide. For more information, visit the Company’s Web site at www.nvidia.co.uk.
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