The 2012 HispanicBusiness 500 ranking of the top U.S. Hispanic-owned firms has arrived with exciting news and key findings.
First, HispanicBusiness has moved to an exclusively online publishing model. That means the HispanicBusiness 500 list of the top Hispanic-owned companies in the country, the HispanicBusiness 100 Most Influential Hispanics and the other prestigious rankings our readers have come to rely on will remain a mouse-click away throughout the year.
Second, we're also proud to announce a pair of milestones: We're celebrating the list's 30th anniversary, and a longtime leader on the list has graduated to the Fortune 500.
The initial U.S. Hispanic-owned firm to arrive in the Fortune 500 wasn't wireless solutions provider Brightstar Corp., although its earnings continue to skyrocket at an astonishing pace. The honor went instead to Molina Healthcare, which entered the Forbes list at No. 500.
However, Brightstar continued its dominance of the HispanicBusiness 500 rankings, with revenues in 2011 of $5.7 billion. Staff writer Rebecca Villaneda buttonholes Brightstar CEO R. Marcelo Claure for a few words in her overview of the list's top companies.
Meanwhile, Rob Kuznia points out three key themes in "Trials and Triumphs," his retrospective of three decades of the HispanicBusiness 500: Respect remains elusive for smaller companies, especially women-owned ones; the list's largest companies far outpaced the bulk of the list; and the rise in revenues isn't creating jobs. Rounding out our coverage, Broos Campbell delivers a roundup of the top companies by sector.
Enjoy the drama of the list's ever-evolving lineup.
The HispanicBusiness 500 list is available by clicking here.
The full list can be purchased by clicking here.
UPDATE: MicroTech inadvertently but significantly underreported its income for 2011 at $117 million. The correct figure is $342.2 million, moving the Virginia technology solutions company up to No. 21, and increasing the revenue of the HispanicBusiness 500 to $38.04 billion.
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