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Q Analysts Remains a Leader in Annual List of the Fastest-Growing Staffing Firms in America for Second Consecutive Year
SANTA CLARA, CA, July 26th, 2010 - Q Analysts LLC, a leading national information technology consulting firm, has been named America’s 10th fastest growing staffing firm by Staffing Industry Analysts.
With a five-year compounded annual growth rate (CAGR) of 38.8%, privately-held Q Analysts generated $17.5 million in sales in 2009. The company, founded in 2003, is a certified minority business enterprise and serves Fortune ® 500 companies with business intelligence and data warehousing solutions, software quality assurance and testing solutions and professional services. Q Analysts was the fastest growing staffing company in America in 2009.
The annual rankings -- published in the June 30 issue of Staffing Industry Report -- are based on the CAGR of U.S.-based companies between 2005 and 2009 that had sales of at least $1 million in 2005 and a CAGR of 15% or more. A total of 44 firms made the list this year, compared to 52 in 2009 when the CAGR threshold was 25%. If the 25% minimum remained, only 24 would have made the list. Only 4 firms, including Q Analysts, remained in the top 10 from 2009.
Q Analysts has continued its rapid expansion in 2010, with second quarter core revenues up by 35.4% over the same period in 2009 and first quarter core revenues up 12.6%. Q Analysts' explosive growth has continued due to a variety of factors, particularly investment in expansion into a number of new markets in 2009. Another key reason has been a relentless focus on quality and service delivery with its Follow-the-Sun Recruiting Model® Ecosystem, which delivers highly technical services through a cost-effective and flexible model.
"In the face of the worst economic environment of our times, Q Analysts has prospered by focusing on one thing: exceeding our customers’ expectations," said Ross Fernandes, founder and President of Q Analysts. "Regardless of the future economic conditions, we believe our steadfast commitment to our strategic clients combined with a delivery model which enables us to continually refine and improve our services will ensure our continued success."
"Sustaining significant revenue growth over a five year period is a great accomplishment for any company. But maintaining that growth and staying in the top 10 for multiple years - particularly over the past few years of market contraction - is an exceptional accomplishment," said Dana Shaw, Senior Vice President of Strategy and Solutions for Staffing Industry Analysts. "We are pleased to recognize Q Analysts and their track record with this number 10 ranking on the Staffing Industry Analysts list."
About Q Analysts
Q Analysts delivers business intelligence and data warehousing solutions, software quality assurance and testing solutions and professional services to Fortune® 500 companies. A certified minority business enterprise, Q Analysts is headquartered in Santa Clara, CA and operates nationwide. For more information, visit www.qanalysts.com.
Staffing Industry Analysts is the premier advisory service about the contingent workforce. Known for its independent and objective insights, the company's proprietary research, award winning content, data, support tools, publications, and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers these related staffing service sectors: third-party placement, outplacement, and staff leasing (PEOs). Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information, visit staffingindustry.com
Media Contacts:
Scanlon.Louis on behalf of Q Analysts:
Jim Lanzalotto
Principal
610.325.7282
jim@scanlonlouis.com
For Staffing Industry Analysts:
Hinda Chalew
Vice President of Marketing
Staffing Industry Analysts
650.232.2368
hchalew@staffingindustry.com