Wondering what five of the fastest growing companies are?
Below is a list that will give you insight into five companies whose growth is sky-rocketing in 2018. Some of them may even sound familiar, and the one’s that don’t – they’ll surely be household names soon. So without further ado, here’s 5 companies that are growing lightning-quick in 2018.
1) BlackBerry Limited
BlackBerry Limited is a telecommunications company based out of Canada. Many people are familiar with BlackBerry cell phones and smart devices, as they were extremely popular before Apply and Samsung took over. But on a global scale, BlackBerry Limited is a successful provider of business software. At the same time, BlackBerry Limited continues to acquire international companies. Most recently, they’ve acquired international tech companies like Ecription, GoodTechnology, and AtHoc. Because of BlackBerry Limited’s continued success providing business software – they currently have governments and car manufacturers as clients – their growth is projected to continue in 2018.
2) Movement Mortgage
Movement Mortgage may only be ten years old, but they’ve already financed more than twelve billion dollars in mortgage loans. Plus, they just launched a new mobile application less than two years ago. A company pumping out that type of volume while still executing additional business moves is sure to continue the momentum and growth in 2018.
3) Amazon
As if Amazon couldn’t get any bigger, they just continue to expand. Most recently, they’ve introduced Amazon Redshift. Basically, it’s an easy-to-use, affordable data warehouse for businesses. Companies would use it to store and analyze business data like Business Intelligence. Customers already include Nasdaq, Nokia, and Pinterest. If you thought there was just no room left for Amazon to grow – think again.
4) Gilead Sciences
Gilead Sciences may not be a household name, but they’re basically the fastest growing company in the pharmaceutical industry. Their focus is on medication for conditions like Hepatitis and AIDS. In six years, their revenue increased by about twenty-four billion dollars. With continued growth over the past six years, there’s no reason to doubt continued success into 2018.
5) Salesforce
You may be surprised to see Salesforce on this list. Why? Because they actually lost over forty million dollars in their most recent fiscal year, and over two-hundred million the year before that. But Salesforce reasons that the loss of revenue was due to an extreme growth plan that they had. This means that the reason they were losing so much money was because they hired so many new employees, and acquired so many new assets. Considering they saw steady growth the three years before making all of these investments, Salesforce can certainly afford them.
They actually had so much funding available, they were doing everything they could to acquire LinkedIn. However, they were beaten out by Microsoft at about twenty-five billion dollars. But the fact that they were in a bidding war at this price shows they’re safe despite recent losses. So, even though Salesforce has lost some money lately, their growing team, assets, and bidding shows they’re only going to continue to grow.
Closing Thoughts
There’s no doubt these five companies will continue to sky-rocket in 2018. The only difference is they’re each doing it in their own, unique way. Salesforce may be losing money, but they’re growing their team and assets. On the other hand, Gilead Sciences has seen their revenue rise by an average of four billion dollars per year. Growth happens in all different ways, and these five growing companies are proof.
