NZ tech exports grow despite tough market conditions
The report, in its eighth year, monitors New Zealand's 100 top performing technology companies.
Fisher & Paykel topped the list by revenue, with a $1.04 billion turnover in the last year. Followed by Datacom ($788 million), and Fisher & Paykel Healthcare ($516.7 million).
This year the top 100 companies turned over $7.28 billion, 2.2 percent more than the previous year according to the report.
Export sales accounted for more than $5 billion.
Companies ranked between 101 and 200 turned over a combined total of $679 million in the last year.
The report shows companies reaching record levels of revenue.
Of the top 100, 34 earned over $50 million while 8 companies brought in over $100 million.
Shaun Coffey, CEO of Industrial Research Limited - a Crown Research Institute and a sponsor of this year's report - says investment in research and development has helped these top performing companies keep their edge in the market.
Shaun Coffey, publisher of the TIN100 report, says as technology companies expand the need for internal investment and R&D becomes a higher priority.
"As the revenue profile of these companies gets larger they are showing increasing maturity and preparedness to invest in their own features," says Coffey.
Shifting demand from overseas markets saw a decline in exporting to Europe and North America, while sales to the US grew to 30 percent of total revenue for the top 100.
2012 TIN100: Top Ten Companies by Revenue
|Fisher & Paykel Appliances|
|Fisher & Paykel Healthcare|
|Temperzone Group of Companies|
|Schneider Electric (NZ)|
2012 TIN100: Ten Companies to Watch
The companies with the largest revenue growth in 2012
|Fronde Systems Group|
|Diligent Board Member Services|
|Fisher & Paykel Healthcare|
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