Thursday October 18, 2012 0 commentsENGLEWOOD - Evolving Systems Inc. (Nasdaq: EVOL) announced it was named Colorado's fastest-growing public company by the Denver Business Journal after achieving 573 percent growth in net income between 2009 and 2011.
During the period, Evolving Systems' net income grew from $4.8 million to $32.3 million. The company is a provider of strategic solutions to telecom operators worldwide.
It was the second time the company has won the award. The first was in 2010, when it was recognized for 700 percent growth between 2007 and 2009.
"We are very pleased to again rank at the top of the list of Colorado companies in the category of profitability," said Thad Dupper, Evolving Systems' CEO. "We are keenly focused on building value for our stockholders by managing our business in both our top and bottom lines.
"Through the first six months of 2012, we have generated $2.9 million in net income on revenue of $12.6 million and have achieved a 66 percent increase in total backlog over the same time last year. We recently won our first customer in China for our high-growth Dynamic SIM Allocation solution and are looking forward to another strong full-year performance."
For more information, visit www.evolving.com.