Semtech named in Fortune magazine's 100 fastest growing companies
Semtech has moved up four points on the Fortune Magazine list of the 100 Fastest Growing Companies that was published in the magazine’s September 16, 2013 issue. This is the second consecutive year for Semtech to be on the list of 100 fastest growing publicly traded companies. The company improved its position from number 88 to number 84 with revenue growth of 20 percent, earnings per share growth of 88 percent and total returns of 29 percent.
Mohan Maheswaran, Semtech's President and Chief Executive Officer, comments: “We are delighted to be named as one of Fortune’s 100 Fastest Growing Companies and to have our performance recognized by the editors of Fortune. Semtech’s growth over the last five years has significantly exceeded the industry growth rate and the growth rate of our peer group and we believe that we are very well positioned to take further advantage of several fast growing markets in the future.”
Fortune screened companies based on size, liquidity, financial metrics and growth criteria and then ranked them by revenue growth rate, EPS growth rate and three-year annualized return for the period ended June 28, 2013. Revenue and EPS growth rates were computed using a trailing four quarter log linear least square regression fit.
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