Sophos has been named one of Britain's fastest-growing unquoted
technology companies in the second annual Sunday Times ARM Tech
Track 100 league table.
The accolade follows a year of achievements for the company.
These include being named 'Company of the
Year' at the CBI/Real Business Growing Business Awards and
receiving two prestigious Queen's Awards for
Enterprise in the categories of 'Innovation' and 'International
Sophos recently announced its financial results for the year
ended 31 March 2002. Highlights included turnover increasing 40% to
£31.6 million from £22.6 million the previous year. Profit before
tax grew 25% to £9.8 million.
About the league table
The Sunday Times ARM Tech Track 100 is independently compiled by
research company Fast Track, and published in The Sunday Times. The
title sponsor of the league table is ARM Holdings plc, the
microchip designer, with co-sponsorship from Pricewaterhouse
Coopers, and Hiscox Insurance. The league table and full research
report are also published on the website www.fasttrack100.co.uk.
League table criteria
Companies are ranked according to their compound annual growth
rate (CAGR) in sales between 1999 and 2001. Companies had to be
registered in the UK as unquoted ultimate holding companies. The
survey adopted the London Stock Exchange's techMARK definition of
what constitutes a technology company. Companies primarily engaged
in simply reselling or reassembling were excluded. Companies also
had to forecast an increase in sales from 2001 to 2002, but were
not required to be in profit.