Meet The Fastest Growing Public Tech Companies In 2017

Grubhub founder Matt Maloney has been outspoken about politics in recent months as the CEO of one of tech’s fastest growing companies. (Credit: Jin Lee/Bloomberg)

For tech’s booster crop of private companies looking to go public in 2017, a select group of their public peers is proving you don’t need to be a unicorn to be an investor favorite.

Silicon Valley’s hotshot entrepreneurs may want to study up on the Forbes annual Fast Tech 25 list: the leading public tech companies who have perfected a blend of the top and bottom line. The companies of the Fast Tech 25 stand out for a trailing three years of strong sales growth combined with industry-leading projected earnings growth for the next three to five years.

You’ll find Facebook, Amazon.com and Google parent Alphabet in their ranks, but the Fast Tech 25’s as much embodied by Veeva Systems, a company that’s seen its stock performance soar in recent months due to CEO Peter Gassner’s bold investment on a second act for his software company serving Big Pharma. No. 8 on this year’s list, Veeva was the second fastest enterprise tech company ever to reach $500 million in revenue and is racing toward $1 billion with its new app building platform, Veeva Vault.

Grubhub remains atop the list as the delivery platform for 50,000 restaurants nationwide, with average sales growth above 50%. Its joined by the tech giants, who are producing leading results despite a much higher revenue base than many of their peers, but also standouts like Arista Networks and Ellie Mae. No. 3 Arista’s networking equipment continues to take on Cisco in a battle for the 100-gigabit network switch market; Ellie Mae’s shares are up 1,400% since going public in 2011 as investors find more value in its mortgage software for small lenders.

Check out the full list of big names and sleeper picks here.

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