NeoPhotonics (China) Co., Ltd., a leading developer and vertically integrated manufacturer of photonic integrated circuit (PIC) based components, modules and subsystems for use in telecommunications networks, has been named to Deloitte's Technology Fast 500 program for Asia Pacific, a ranking of the fastest growing Internet, Media + Entertainment and Communication companies for 2009. Rankings are based on the companies' revenue growth percentage over three fiscal years, from 2006-2008. Deloitte announced the list at the Intercontinental Hotel in Hong Kong on 10 December 2009.
“We’re very pleased with this recognition from Deloitte, and thank our team in China for helping us to achieve this strong growth,” said Mr. KY Chan, General Manager of NeoPhotonics China. “Transport and access network deployments continue to grow faster in the Asia Pacific region compared to other regions and our strong relationships with Huawei and other leading equipment manufacturers in Asia help us meet the demand for a wide variety of optical components, modules and subsystems.”
Deloitte also released the results of this year’s Technology Fast 500 Asia Pacific CEO Survey, the firm’s annual analysis of business trends among the winning Technology Fast 500 companies. Although CEOs were not asked outright about their confidence, it shone through loud and clear in their approach to growth targets, markets and customers. Despite the economic downturn, technology companies in Asia Pacific showed strong growth with the Top 10 achieving an average revenue growth over three years of 5,639 percent.
“The technology sector showed resilience and continued growth despite economic issues driving the global landscape,” said Mr. Jolyon Barker, Deloitte Global Managing Partner, Technology, Media and Telecommunications. “The biggest returns for this year’s fast-growing companies have been generated by breakthrough and ongoing innovation in both existing and new markets.”
The Deloitte Technology Fast 50 program started in Silicon Valley, California, in 1995, and later on expanded into a Technology Fast 500 in North America, Asia-Pacific and Europe. This programme has become a benchmark for the recognition of high growth technology companies.