New Zealand's top 200 technology companies now have combined revenues of more than $10 billion - and export receipts of $7.3 billion making the sector our third biggest earner of overseas income writes Tim Murphy for Newsroom.
A report prepared by the Technology Investment Network (TIN) released Tuesday night found the technology, high-tech manufacturing and biotechnology sectors now contribute about 10 percent of all New Zealand exports. The 8.5 percent increase in export revenues in the year came despite currency challenges resulting from a higher Kiwi dollar against all major trading nations.
The top two businesses, Datacom Group and Fisher & Paykel Appliances are billion dollar companies by revenue, with Datacom edging its rival to take top rank this year with $1.15 billion in revenue.
The rest of the top 10 are Fisher & Paykel Healthcare, Xero Gallagher Group, Orion Health, Douglas Pharmaceuticals, Tait Communications, NDA Group, Temperzone Group and Magic Memories.
Datacom had the largest revenue growth, at $103 million this year ahead of Magic Memories at $89 m and Xero at $88 m, the report said.
| A Newsroom release || October 18, 2017 |||