McLean, VA, November 18, 2014—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.”
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.
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