GTT Communications, Inc. (NYSE MKT: GTT), the leading global cloud
networking provider to multinational enterprises, announced today that
the Washington Business Journal has named it one of the
Washington, D.C. region’s 50 fastest growing companies.
“To be recognized as one of the region’s fastest growing companies is a
tremendous honor,” said Rick Calder, GTT’s President and CEO. “GTT’s
financial growth is due to the successful execution of our strategy to
extend ubiquitous network connectivity worldwide, to expand our cloud
networking service portfolio to multinational clients, and to deliver
outstanding service to our clients with simplicity, speed and agility.”
The Washington Business Journal bases its rankings for the
Fastest Growing Companies program on each company’s growth rate over the
past three years (2011-2013).
“GTT reported revenue of $157 million in 2013, reflecting a compound
annual growth rate (CAGR) of 31% since 2011,” said Michael Bauer, GTT’s
Chief Financial Officer. “For the last quarter ended September 30, 2014,
GTT’s annualized revenue run rate grew to $197 million. GTT’s next
financial objective is $400 million in revenue and $100 million in
adjusted EBITDA.”
About GTT
GTT operates a global Tier 1 IP network with the most interconnected
Ethernet service platform around the world. We provide highly reliable,
scalable and secure cloud networking services. Our clients trust us to
deliver solutions with simplicity, speed, and agility that are unmatched
by other network providers. For more information, visit www.gtt.net.
Copyright Business Wire 2014