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Huh?
@OP, good question. Growth speaks to trajectory and strategy of a company. If you're an investor, you want to know that this business is growing and staying competitive or at-par with the competition.
If a company shows next to no growth in an industry, that can be concerning...for instance if other competitors are growing, that means that this business is losing its market share, which foreshadows declining revenues and profits.
You need profitability AND growth in a healthy business, but I do agree it's okay to balance one more so than the other. So you have some companies that grow organically at low rates, but continue to earn accolades for fiscal discipline and improving profitability, for instance.