GeoEye Named in Fortune Magazine

23 August 2010, 1:42pm

DULLES, Va., Aug. 23 - GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today it has been ranked 84th on FORTUNE Magazine's 2010 "100 Fastest-Growing Companies" list. The full list and related stories will appear in the Sept. 6, 2010 issue and is online the link below.

FORTUNE Managing Editor Andy Serwer writes in the Sept. 6, 2010 issue, "The troubled economy is on all of our minds these days, but sometimes we forget that even in the long slog we seem to be in, entrepreneurs are hard at work creating the next Cisco or Amgen or Starbucks."

Matt O'Connell, GeoEye's chief executive officer and president, said, "The worldwide demand for satellite imagery, change monitoring and surveillance continues to resist recessions and budget pressures. This, along with GeoEye's ability to collect and disseminate imagery with the world's highest resolution and unmatched accuracy in a timely, reliable and cost-efficient manner, will continue to drive the growth of our business."

GeoEye qualified for the 100 Fastest-Growing Companies list by meeting the following criteria: posting an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2010; trading on a major U.S. stock exchange continuously since June 30, 2007; filing quarterly reports with the SEC; having a minimum market capitalization of $250 million; and having a stock price of at least $5 on June 30, 2010. The Company also had revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2010.

Companies that met the above criteria were ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2010. To compute the revenue and EPS growth rates, FORTUNE used a trailing four quarters log linear least square regression fit. The overall rank was based on the sum of the three ranks.

FORTUNE Magazine's 2010 "100 Fastest-Growing Companies" list

GeoEye

Geo: International