13 November 2013

GigOptix ranked 305th on Deloitte’s 2013 Technology Fast 500 list

GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical components for Cloud connectivity, data centers, and high-speed optical and wireless communications networks, has been ranked 305th on Deloitte’s Technology Fast 500, a ranking (conducted by Deloitte & Touche LLP) of the 500 fastest-growing technology, media, telecommunications, life sciences and clean-tech companies in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012. GigOptix grew 280% during the period.

“We recently announced our third quarter revenue grew 7% sequentially and have guided to an additional 5% revenue growth, along with improved bottom-line performance, in the fourth quarter,” notes GigOptix senior VP & chief financial officer Curt Sacks. “With a strong order backlog and new products scheduled for introduction over the next few quarters, we have a solid platform to build on as we continue look to grow our business in 2014,” he adds.

“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” comments Eric Openshaw, vice chairman, Deloitte LLP.

“The fastest-growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace,” says James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”

GigOptix previously ranked 125th and 95th as a Technology Fast 500 award winner for 2012 and 2011, respectively.

See related items:

GigOptix’s revenue rebounds by more-than-expected 7% in Q3 to $7.3m

GigOptix ranks on Deloitte’s 2012 Technology Fast 500 list

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Visit: www.gigoptix.com