Growth 50

Ranked by composite score, based on average annual revenue and profit growth for the past two years (ties broken by profit growth).

2005	2005	Company	Score	2-year average annual revenue growth (%)	2-year average annual income growth (%)
1	--	Anika Therapeutics	2.5	39.2	166.9
2	--	Palomar Medical Technologies	4	48	127.6
3	--	First Marblehead Corp.	5.5	90.8	93.9
4	2	Varian Semiconductor Equipment Associates	10	26.9	128.1
5	--	Moldflow Corp.	10	29.5	121.4
6	16	Hologic	11.5	22.9	142.4
7	50	Mac-Gray Corp.	11.5	32	71.4
8	--	Digitas	12	34.7	55.7
9	19	CRA International	13.5	35.4	47.4
10	31	Affiliated Managers Group	14	36.1	40.3
11	--	Applix	15	16.3	539.9
12	19	Charles River Laboratories International	17	35.2	33.1
13	--	EMC Corp.	18	24.5	51.1
14	20	LoJack Corp.	18.5	23.1	55.6
15	30	Boston Private Financial Holdings	18.5	27.5	45.7
16	7	Tech/Ops Sevcon	19.5	15.5	122.3
17	--	ADE Corp.	20.5	12.3	142.2
18	36	Psychemedics Corp.	21.5	15.6	82.3
19	--	Cognex Corp.	22	20.2	49.6
20	7	Forrester Research	26.5	10.3	127.6
21	17	Cytyc Corp.	26.5	29.5	22
22	22	HRPT Properties Trust	28	17.7	31.9
23	21	Bright Horizons Family Solutions	29	15	35.4
24	14	Investors Capital Holdings Ltd.	29	20.5	26.8
25	3	Boston Scientific Corp.	29	34.4	15.3
26	37	Lifeline Systems	30.5	14.1	33.3
27	13	Arrhythmia Research Technology	33.5	29.6	12
28	--	RSA Security	34	9.2	69.1
29	39	Eaton Vance Corp.	34.5	18.4	20.5
30	24	Progress Software Corp.	35.5	12.8	28.5
31	26	Watts Water Technologies	36	14.5	22.8
32	33	Staples	37.5	11.4	30.5
33	27	Iron Mountain	38	17.7	16
34	72	Raytheon Co.	38	10	32.7
35	59	Haemonetics Corp.	39	8.5	59.6
36	28	Mercury Computer Systems	40	23.4	8.6
37	31	Safety Insurance Group	40.5	6.5	82.8
38	23	Kronos	41	13.9	18.8
39	35	American Dental Partners	42	9.7	29
40	40	Investors Financial Services Corp.	43	9.2	31.5
41	70	National Dentex Corp.	43	17	11
42	89	Analogic Corp.	44	5.1	89.3
43	--	MRO Software	44.5	6.3	53.4
44	33	Dynamics Research Corp.	47.5	10.8	14.9
45	70	Thermo Electron Corp.	47.5	17.7	6.4
46	28	Providence and Worcester Railroad Co.	48.5	5.6	37.4
47	3	Candela Corp.	48.5	24.4	-4.5
48	41	Interactive Data Corp.	49	10.7	14
49	5	Avid Technology	50	28.2	-8.8
50	6	Commerce Group	51.5	7.2	23.1

NOTE: To be considered for the Growth 50, a company must have been publicly traded for two full years and must have reported profits in all periods. Score ties are broken by profit growth.

SOURCE: Standard & Poor's Compustat