Priceline.com Inc. was the only Fairfield County company to land on Fortune magazine”™s list of the 100 fastest growing corporations in the country, ranked 14th overall.
Fortune restricts the list to companies with shares with a market cap of at least $250 million on a U.S. exchange and a stock price above $5 a share, and annual revenue and profits exceeding $50 million and $10 million respectively. The publication ranks companies according to the sum of their average annual percentage growth in revenue, earnings and total return through June 2012.
Norwalk-based Priceline had a total return of 81 percent, with revenue up a third annually on average and profits up nearly two-thirds. That was enough to edge out 17th-ranked Alexion Pharmaceuticals Inc., which plans to move its headquarters from Cheshire to New Haven.
The only Northeast company to best Priceline was ninth-ranked IPG Photonics, an Oxford, Mass.-based maker of lasers for use in a wide range of industries.
The top company on the list is based in Vancouver, British Columbia: Silver Wheaton, which buys silver ore mined as a byproduct by companies focused on other minerals. Austin, Texas-based Cirrus Logic ranked second and the China search engine Baidu third.
