Inet Ranks 17th on Business Week 2000 Hot Growth Companies List
"Inet is honored to be recognized by BusinessWeek as a hot growth company," said Elie Akilian, president and CEO of Inet. "As a company, we've focused our energy and resources on maintaining a customer-oriented culture, attracting and retaining the best people, and being a highly profitable organization. Rankings like this confirm the relevance of our strategy, and our ability to execute as a company. We are very excited about the opportunities within our industry and feel we are well positioned to take advantage of these opportunities."
The rankings on the 2000 Hot Growth Companies List are calculated from each company's three-year results in sales, earnings growth and return on invested capital. A company's composite rank is the sum of 0.5 times its rank in return on capital plus 0.25 times each of its growth ranks.
To qualify, a company must have annual sales of more than $25 million and less than $500 million, a current market share greater than $25 million, a current stock price greater than $5, and be actively traded. The results of the 2000 Hot Growth Companies List were featured in the May 29th edition of BusinessWeek magazine.