Gurgaon November 7 , 2013: Daffodil Software Ltd, which is amongst the leading Software companies has been announced as one of the 50 Fastest Growing Technology Companies on the Deloitte Technology Fast 50 India 2013 held in Middle-East.
It is organised by the Deloitte Touche Tohmatsu India Private Limited where rankings are based on percentage revenue growth over three years. It recognizes technology companies that have achieved the fastest rates of annual revenue growth in the Asia Pacific region during the past three years. Daffodil Software Ltd. that helps enterprises build great solutions around web, mobile and cloud technologies grew 110 percent during this period. Their customers include Global 500 Enterprises, State Governments, International News Agencies, National Personalities, TV Celebrities, and some rapidly growing Software Companies and Startups.
The average percentage growth for all the top 50 companies showed a remarkable improvement over last year’s total, at 657 percent, up from 432 percent in 2012 and 236 percent the year before that. All the top 50 winners of this year recorded a three year revenue growth in excess of 100 percent – a trend noted in six of the nine editions of the Fast50 India program.
Daffodil’s CEO, Mr. Yogesh Agarwal, credits its coveted client-base, highly motivated workforce, technical acumen and focus on innovation & processes with the company’s 110% revenue growth over the past three years. He said, “We are happy to break into this list of 50 fastest growing Indian technology companies. This is probably first of such kind of an award to be bestowed on Daffodil. We believe there will be many more in future.”
“The Deloitte Technology Fast 50 program measures revenue growth over three years, and to be recognised as one of the 50 fastest growing technology companies in India requires a sustained growth performance over the evaluation period, which is an impressive achievement,” said Rajiv Sundar, Senior Director, Deloitte in India. “Congratulations to Daffodil Software for their remarkable growth. CCI Newswire
