3D Systems (NYSE:DDD) announced today that for the second year in a row, the company has made Fortune Magazine's 2013 list of the fastest-growing companies, ranking number 2 in tech and number 5 overall out of 100 global companies listed - moving up from 12(th) to 5(th) place.
The massive Chinese search engine Baidu is listed as the fastest-growing tech company. Baidu has an annual growth rate of 78% and the company brought in revenues of $3.8 billion. Next is 3D 3D Systems.
3D printing promises to transform manufacturing. Chuck Hull — who founded 3D Systems (DDD) — created the first 3D printer in 1983. Now the technology is finally becoming more wide spread (and hyped). Data can be inputted into printers that lay down thin layers of material, plastic or metal for instance, to create everything from gun parts to artificial limbs and jewelry.
Fortune highlights that, "3D Systems designs and sells printers and associated materials and services for both home and commercial use. In mid-2012 it doubled its R&D expenditures and improved marketing to expand its products and boost sales. Those efforts seem to be paying off."
The company's products range from the Cube, a personal 3D printer sold at Staples for $1,300 to production printers used by the likes of General Motors to prototype new parts. The company brought in $378 million in revenue over the past year. Not surprisingly, its annual growth rate has been a scorching 119%.
Apple, the world's most valuable company is ranked number 3 in tech. Apple has $450 billion-plus market capitalization and is still riding high off the popularity of its iPhones and iPads, which helped fuel its $169 billion in revenue.
Posted in 3D Printing Company
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