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Fortune Magazine Selects Activision One Of America's Fastest Growing Companies(October 08, 2001)
Activision, ranked 86th in Fortune Magazine's 2001 "100 Fastest-Growing Companies" list and is the only interactive entertainment company to appear on the list. The company's three-year annualized performance ratings were 45% earnings per share, 36% revenue growth and 56% total stock market return.
"Activision is honored to be acknowledged for our sustained growth and marketplace success by both Fortune Magazine and Deloitte & Touche," stated Robert Kotick, Chairman and CEO, Activision, Inc. "Today, with the recent acquisition of Treyarch, a leading console software developer, and the upcoming releases of Tony Hawk's Pro Skater 3, Shaun Palmer's Pro Snowboarder and Return to Castle Wolfenstein, Activision's competitive position is stronger than ever. These prestigious rankings are yet another testament to our continued industry-leading performance, as well as the creativity, commitment and dedication of our employees."
This year marks the fifth consecutive year that Activision has been named to the Los Angeles Technology Fast 50, a ranking of the 50 fastest-growing technology companies in the Los Angeles, Riverside, San Bernardino and Ventura areas of Southern California.
The list of Fortune Magazine's Fastest Growing American Companies was compiled by Zacks Investment Research. To be considered, companies had to have been publicly traded for at least three years and have revenues and market capitalization of at least $50 million. At a minimum, companies had to show 30% annual growth over three years in revenue and EPS, and positive earnings in the latest quarter and for the last four quarters combined.
To qualify for the Los Angeles Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and 2000 operating revenues of at least $1,000,000, must be public or private companies headquartered in Los Angeles and be technology companies. Winners of the 21 regional Fast 50 programs will automatically be eligible to enter in Deloitte & Touche's Technology Fast 500 program, a ranking of North America's top 500 fastest growing technology companies.
Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $620 million for the fiscal year ended March 31, 2001.
Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Japan, Australia and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.
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