Bloomberg BusinessWeek has published the list of 50 Tech Hot Growth Companies 2010. This ranking is based on various factors such as sales growth, return on invested capital, and the change in number of employees.
This year’s list confirms that China is officially a technology powerhouse with two of the five top companies represented by Chinese firms.Tencent Holdings (TCEHY) took the number one spot and Baidu (BIDU) took the third place. U.S. Technology giant Apple(AAPL) took the second place. This is the first time that a Chinese company has taken the number 1 and number 3 ranks.
In terms of representation, U.S.companies dominate the list as usual. In addition, based on market capitalization as of October 15th, 2010 U.S. firms Apple (AAPL), Oracle (ORCL) and Cisco (CSCO) take the top 3 ranks. Wipro (WIT) and Infosys Technoliogies (INFY) are among the four Indian outsources that made it to this list.
The Top 25Â Tech Hot Growth Companies 2010 are listed below:
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The full list of 50 companies can be found here.
