News | Oct 05, 2017 | Arora
Arora is Named One of Philadelphia Business Journal’s Soaring 76
Arora is proud to be named one of Philadelphia Business Journal’s Soaring 76 companies for 2017. The Soaring 76 is the second year of an initiative to identify and recognize the fastest-growing companies in the Philadelphia region. Arora was part of the inaugural 50 On Fire list last year, and came in at #55 on this year’s list with a growth rate of 22%.
The Philadelphia Business Journal identified the region’s fastest growing companies by examining several qualifications, including:
- Revenue growth over a 3-year period from 2014 to 2016
- Average of the percent change in revenue from 2014 to 2015 and the percent change from 2015 to 2016
- At least $750K in revenue in 2014 and at least $2M in revenue in 2016
Sandy Smith, Publisher of the Philadelphia Business Journal, highlighted the importance of such an initiative saying, “Greater Philadelphia’s economy is increasingly diverse and dynamic. We consider it a crucial part of our mission to identify and recognize the companies driving our region’s growth.” Congratulations to all the Soaring 76 winners who are bringing innovation and economic growth to our area.