Research in Motion named world’s fastest-growing company
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American business magazine Fortune has named Waterloo, Ont.-based BlackBerry-maker Research in Motion (RIM) th...
American business magazine Fortune has named Waterloo, Ont.-based BlackBerry-maker Research in Motion (RIM) the world’s fastest-growing company.
RIM, which uses a variety of plastic components in its Blackberry products, was one of two Canadian companies who made the top 10 of Fortune‘s “100 Fastest-Growing Companies” list after the magazine opened the survey to businesses around the world for the first time.
RIM came first on the list, while fertilizer supplier Potash Corp. of Saskatchewan Inc. came 10th.
According to Fortune’s findings, RIM has more than quadrupled its workforce in the last four years, to about 12,000 people, and seen its profits and revenues increase as the company has grown sales of its BlackBerry devices beyond the corporate world to the highly competitive consumer market.
In its latest quarterly report, RIM reported that its quarterly profit was US$643 million, and that its revenues rose 53 per cent from a year ago to US$3.42 billion.
Coinciding with the announcement, RIM has released an updated version of its BlackBerry Smart Card Reader, a small thin-plastic security card reader that attaches to a lanyard and employs Bluetooth to grants users’ proximity-based access to specific machines and systems.