GTT Named a Fastest Growing Company by the Washington Business Journal
November 18 2014 - 8:00AM
Business Wire
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.
GTT Media InquiriesAnn Rote,
1-703-677-9941ann.rote@gtt.net
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