MCLEAN, Va.--(BUSINESS WIRE)--GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today that it received the 2015 Washington SmartCEO Future 50 award and is also a recipient of the Blue Chip Award by the magazine.
“We are honored to be recognized with the SmartCEO Future 50 award for the second consecutive year,” said Rick Calder, GTT President and CEO. “Our strong growth is due to the successful execution of our strategy to extend ubiquitous network connectivity to any location in the world and with any application in the cloud, to expand cloud networking services to multinational clients, and to deliver outstanding client experience by living our core values of simplicity, speed and agility.”
The Future 50 award recognizes the Greater Washington area’s 50 fastest growing companies based on employee and revenue growth over the past three years. The Blue Chip award differentiates five companies that have a solid record of growth and quality and earn over $150 million in annual revenue.
“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 connecting to any location in the world and with any application in the cloud. Our cloud networking services provide a better way for multinational clients to embrace the cloud. Our clients trust us to deliver solutions with simplicity, speed and agility so they can compete effectively in the global economy. For more information, visit www.gtt.net.