TSYS Included in BUSINESS 2.0 Magazine's Second Annual "B2 100" Ranking of Fastest-Growing Technology Companies
Wednesday September 10, 10:30 am ET
biz.yahoo.com
COLUMBUS, Ga., Sept. 10 /PRNewswire-FirstCall/ -- TSYS announced its inclusion today in Business 2.0's second annual B2 100, the magazine's ranking of the fastest-growing technology companies. TSYS ranked 60 on the list. The B2 100 is featured in the October 2003 issue of the magazine, on newsstands September 22.
To make the B2 100, companies must 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, 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."
"Being named to Business 2.0's fastest-growing technology companies list is an affirmation of the innovation we offer the payments industry; the value we place on integrity; the promise we make to our clients, team members and stakeholders; and our commitment to exceptional service. Receiving this award as we celebrate our twentieth anniversary honors our team members and the bright future we have in store," said Richard W. Ussery, TSYS Chairman of the Board and CEO. |
