STOCK TITAN

Lightspeed Ranked 5th Fastest Growing Enterprise--Industry Leader in Deloitte's 2024 Technology Fast 50™ Program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Lightspeed Commerce (NYSE: LSPD) has been ranked fifth in Deloitte's 2024 Technology Fast 50™ program's Enterprise-Industry Leaders category, achieving a remarkable 502% growth over the past four years. The recognition is given to companies that recorded minimum revenues of $10 million in 2020 and $50 million in 2023. Founded in Montreal in 2005, Lightspeed provides cloud-based commerce solutions for retail, hospitality, and golf businesses across 100+ countries, unifying online and physical operations, multichannel sales, and global payments.

Lightspeed Commerce (NYSE: LSPD) è stata classificata quinta nella categoria Leader del Settore dell'Enterprise-Industry Leaders del programma Deloitte 2024 Technology Fast 50™, ottenendo una notevole crescita del 502% negli ultimi quattro anni. Questo riconoscimento viene assegnato a aziende che hanno registrato ricavi minimi di 10 milioni di dollari nel 2020 e 50 milioni di dollari nel 2023. Fondata a Montreal nel 2005, Lightspeed offre soluzioni di commercio basate sul cloud per il retail, l'ospitalità e il golf in oltre 100 paesi, unificando operazioni online e fisiche, vendite multicanale e pagamenti globali.

Lightspeed Commerce (NYSE: LSPD) ha sido clasificada en quinto lugar en la categoría de Líderes de la Industria del programa Deloitte 2024 Technology Fast 50™, logrando un notable crecimiento del 502% en los últimos cuatro años. Este reconocimiento se otorga a empresas que registraron ingresos mínimos de 10 millones de dólares en 2020 y 50 millones de dólares en 2023. Fundada en Montreal en 2005, Lightspeed proporciona soluciones de comercio basadas en la nube para el retail, la hospitalidad y los negocios de golf en más de 100 países, unificando operaciones en línea y físicas, ventas multicanal y pagos globales.

라이트스피드 커머스 (NYSE: LSPD)는 딜로이트 2024 테크놀로지 패스트 50™ 프로그램의 산업 리더 부문에서 다섯 번째에 선정되었으며, 지난 4년 동안 502%라는 놀라운 성장을 달성했습니다. 이 인정은 2020년에 최소 1000만 달러, 2023년에 5000만 달러의 수익을 기록한 기업에 수여됩니다. 2005년 몬트리올에서 설립된 라이트스피드는 100개 이상의 국가에서 소매, 환대 및 골프 비즈니스를 위한 클라우드 기반 상거래 솔루션을 제공하며, 온라인 및 오프라인 운영, 다채널 판매 및 글로벌 결제를 통합하고 있습니다.

Lightspeed Commerce (NYSE: LSPD) a été classée cinquième dans la catégorie Leaders de l'Industrie du programme Deloitte 2024 Technology Fast 50™, enregistrant une remarquable croissance de 502% au cours des quatre dernières années. Cette reconnaissance est attribuée aux entreprises qui ont réalisé un chiffre d'affaires minimum de 10 millions de dollars en 2020 et de 50 millions de dollars en 2023. Fondée à Montréal en 2005, Lightspeed fournit des solutions de commerce basées sur le cloud pour le commerce de détail, l'hôtellerie et les entreprises de golf dans plus de 100 pays, unifiant les opérations en ligne et physiques, les ventes multicanaux et les paiements mondiaux.

Lightspeed Commerce (NYSE: LSPD) wurde im Deloitte-Programm Technology Fast 50™ 2024 in der Kategorie Enterprise-Industrieführer auf den fünften Platz eingestuft und erzielte ein bemerkenswertes Wachstum von 502% in den letzten vier Jahren. Diese Anerkennung wird an Unternehmen vergeben, die im Jahr 2020 einen Mindestumsatz von 10 Millionen USD und im Jahr 2023 von 50 Millionen USD verzeichnet haben. Lightspeed, 2005 in Montreal gegründet, bietet cloudbasierte Handelslösungen für den Einzelhandel, die Gastronomie und Golfeinrichtungen in über 100 Ländern an und vereint Online- und Offline-Operations, Multichannel-Verkäufe und globale Zahlungen.

Positive
  • 502% revenue growth over four years
  • Achieved significant revenue milestone: minimum $50 million in 2023
  • Strong market presence across 100+ countries
Negative
  • None.

MONTREAL, Nov. 6, 2024 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD) ("Lightspeed" or the "Company"), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences is honored to be named the fifth fastest growing organization in the Enterprise–Industry Leaders category for Deloitte's 2024 Technology Fast 50™ program.         

The award recognizes the fastest-growing enterprise-level technology, media, and telecommunications companies by revenue growth percentage over their last four years of operation. This category is open to companies that recorded a minimum revenue of $10 million in 2020 and $50 million in 2023. For this year's award, Lightspeed was recognized with a growth percentage of 502%, ranking fifth overall in demonstrating outstanding growth and innovation within the technology industry.

"This award showcases our unwavering focus on disciplined growth and helping our customers achieve new levels of success," said Dax Dasilva, Lightspeed's Founder and Chief Executive Officer. "As a company just shy of celebrating our 20th anniversary, we are continuing to grow and learn. We keep optimizing our offerings in order to bring the best POS and payments solutions to our customers. This award highlights the success we are seeing in doing so, and a bright path moving forward."

"The Enterprise—Industry Leaders exemplify the strength and resilience of Canada's business landscape, showcasing their ability to navigate challenges and drive sustainable growth," highlighted Anders McKenzie, the National Technology Fast 50 program leader at Deloitte Canada. "As established leaders in their industries, these companies have demonstrated their capacity to innovate, adapt, and transform in a rapidly evolving digital landscape. By embracing emerging technologies, fostering a culture of continuous improvement, and leveraging their extensive resources, these Enterprise – Industry Leaders have positioned themselves as industry leaders, setting new benchmarks for success. Their achievements not only contribute to their own organizational growth but also inspire and shape the future of Canada's technology sector."

About the Deloitte Technology Fast 50 program

The Deloitte Technology Fast 50 program is Canada's pre-eminent technology awards program. It recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50, Enterprise—Industry Leaders, Clean Technology, and Companies-to-Watch. The program also recognizes thriving technology companies in the United States and Canada in partnership with the North American Technology Fast 500 program. Program sponsors for 2024 include RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For more information, visit www.fast50.ca.

About Lightspeed

Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional omnichannel customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the Company serves retail, hospitality, and golf businesses in over 100 countries.

For more information, see www.lightspeedhq.com.

Follow us on social media: LinkedIn, Facebook, Instagram, YouTube, and X.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as "will", "expects", "anticipates", "intends", "plans", "believes", "estimates" or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under "Risk Factors" in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lightspeed-ranked-5th-fastest-growing-enterpriseindustry-leader-in--deloittes--2024-technology-fast-50-program-302295965.html

SOURCE Lightspeed Commerce Inc.

FAQ

What was Lightspeed's (LSPD) growth percentage in Deloitte's 2024 Technology Fast 50 ranking?

Lightspeed achieved 502% growth, ranking fifth in the Enterprise-Industry Leaders category of Deloitte's 2024 Technology Fast 50 program.

What were the revenue requirements for Deloitte's 2024 Fast 50 Enterprise-Industry Leaders category?

Companies needed to record a minimum revenue of $10 million in 2020 and $50 million in 2023 to qualify for the Enterprise-Industry Leaders category.

When was Lightspeed (LSPD) founded and where is it listed?

Lightspeed was founded in Montreal, Canada in 2005 and is dual-listed on the New York Stock Exchange (NYSE) and Toronto Stock Exchange (TSX) under the ticker LSPD.

Lightspeed Commerce Inc.

NYSE:LSPD

LSPD Rankings

LSPD Latest News

LSPD Stock Data

2.68B
136.79M
9.92%
61.02%
3.19%
Software - Application
Technology
Link
United States of America
Montreal