NZ ICT firms dominate sales growth in 2013 TIN100 survey
NZ ICT firms dominate sales growth in 2013 TIN100 survey of high-tech companies
Oct. 23 (BusinessDesk) – New Zealand information and communication technology firms dominated sales growth among the nation’s high-tech companies in 2013, according to the latest TIN100 survey.
Revenues of ICT firms climbed by 16.5 percent, or $122 million in the latest year, accounting for almost half of the $260 million growth recorded for the TIN100 companies, The Technology Investment Network and Callaghan Innovation said in a statement.
Overall, combined revenues of TIN100 companies rose 3.7 percent to $7.26 billion and, of that, export sales gained 3 percent to $5.3 billion. Among the next 100 companies, or the TIN100+, revenue grew 9 percent to $640m million.
The TIN100 Report monitors the performance of New Zealand’s 200 largest technology exporters, in the areas of ICT, high-tech manufacturing and biotechnology. Within that, software development, general software, healthcare, financial services technology and digital media all grew sales in excess of 20 percent.
Fisher & Paykel Appliances, which is owned by China’s Haier, topped the list with about $1 billion of revenue in 2013. Datacom was second with $870 million and recorded the strongest revenue growth in the survey, while Fisher & Paykel Healthcare was third on $556 million. They were followed by Tait Radio on $214 million and Gallagher Group on $180 million. The top 10 were rounded out by Weta Digital, with an estimated $140 million of sales.
Among TIN100+ firms, Aranz Geo topped the list of the 10 hot emerging companies by revenue growth, which rose $3.5 million to $11.7 million. Energy Made was second, with sales rising by $3 million to $9.2 million, while Ceiba Solutions and Technopak were ranked third equal, with sales rising by $2.2 million to $8.5 million and $10 million respectively.