Menu
NZ tech sector grows by 16.5 per cent: report

NZ tech sector grows by 16.5 per cent: report

According to the report, TIN100 companies increased their combined revenue by 3.7 per cent to $7.26 billion and export revenues increased by 3.0 per cent to $5.3 billion in 2012-2013

New Zealand’s technology export sector grew by 16.5 per cent, driven by a group of TIN100 ICT companies growing on both sides of the Tasman, a general recovery in the US market, and increased investment in R&D and staffing.

This according to the ninth annual TIN100 Report, an analysis of the performance of the top 200 New Zealand-founded high-tech companies, which was released today.

According to the report, TIN100 companies increased their combined revenue by 3.7 per cent to $7.26 billion and export revenues increased by 3.0 per cent to $5.3 billion in 2012-2013. The next 100 companies (TIN100+) ranked by revenue grew by 9 per cent to $640m.

“The single biggest contributor to TIN100 growth was the $122 million growth of IT services and support companies. These companies contributed nearly half of the total $260 million growth for TIN100 companies,” said Greg Shanahan, publisher of the TIN100 Report.

Software development sectors, general software, healthcare, financial services technology and digital media, all grew in excess of 20 per cent. The report found that mobile solutions, cloud computing and software as a service are creating new growth and profit opportunities that are being readily adopted by TIN100 Companies.

According to the report, high tech manufacturing and biotech firms displayed growth in North America, which balanced some of the adverse effects of the New Zealand dollar appreciating against the Australian currency and a slowing Australian economy.

The report stated that successful companies are investing more heavily in R&D, which was up by 10 per cent and sales and marketing which went up by 5 per cent in 2012, and focused on recruiting and retaining talent. The majority of the top 10 companies by revenue growth on both the TIN100 and the TIN100+ had received or were receiving business innovation support via government R&D funding.

The TIN100 Report monitors the performance of New Zealand’s 200 (TIN100 and TIN100+) largest technology exporters in the areas of ICT, high tech manufacturing and biotechnology.

Top 10 Companies by Rank:

Rank Company 2013 Revenue ($m)
1 Fisher & Paykel Appliances$1,020m
2 Datacom Group$870m
3 Fisher & Paykel Healthcare$556m
4 Tait Radio$214m
5 Gallagher Group$180m
6 Rakon$176m
7 Temperzone Group of Companies$173m
8 NDA Group$150m
9 Moffat Group$145m*
10 Weta Digital$140m*
Read more: Kiwi tech firms with biggest revenue growth in 2014 revealed

* Estimated

EY Ten Companies to Watch – TIN100 companies with the largest revenue growth in 2013:

Rank Name 2013 Revenue Growth ($m)
1 Datacom Group $870m $82m
2 Fisher & Paykel Healthcare $556m $40m
3 Orion Health $122m $22m
4 BCS Group $84m $22m
5 Xero $39m $20m
6 Intergen $56m $13m
7 Fronde Systems $60m $12m
8 Certus Solutions $75m $12m
9 Scott Technology $64m $10m
10 Vista Entertainment Solutions $31m $9m

Source: Ninth annual TIN 100 report

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags ICT exportsgreg shanahanTIN100+TIN100biotech exportshigh tech manufacturing exports

Featured

Slideshows

Reseller News launches inaugural Hall of Fame lunch

Reseller News launches inaugural Hall of Fame lunch

Reseller News welcomed 2015 and 2016 inductees - Darryl Swann, Dave Rosenberg, Gary Bigwood, Keith Watson, Mike Hill and Scott Green - to the inaugural Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed how the channel can collectively work together to benefit New Zealand, the Kiwi skills shortage and the future of the industry. Photos by Maria Stefina.

Reseller News launches inaugural Hall of Fame lunch
Educating from the epicentre - Why distributors are the pulse checkers of the channel

Educating from the epicentre - Why distributors are the pulse checkers of the channel

​As the channel changes and industry voices deepen, the need for clarity and insight heightens. Market misconceptions talk of an “under pressure” distribution space, with competitors in that fateful “race for relevance” across New Zealand. Amidst the cliched assumptions however, distribution is once again showing its strength, as a force to be listened to, rather than questioned. Traditionally, the role was born out of a need for vendors and resellers to find one another, acting as a bridge between the testing lab and the marketplace. Yet despite new technologies and business approaches shaking the channel to its very core, distributors remain tied to the epicentre - providing the voice of reason amidst a seismic industry shift. In looking across both sides of the vendor and partner fences, the middle concept of the three-tier chain remains centrally placed to understand the metrics of two differing worlds, as the continual pulse checkers of the local channel. This exclusive Reseller News Roundtable, in association with Dicker Data and rhipe, examined the pivotal role of distribution in understanding the health of the channel, educating from the epicentre as the market transforms at a rapid rate.

Educating from the epicentre - Why distributors are the pulse checkers of the channel
Kiwi channel reunites as After Hours kicks off 2017

Kiwi channel reunites as After Hours kicks off 2017

After Hours made a welcome return to the channel social calendar last night, with a bumper crowd of distributors, vendors and resellers descending on The Jefferson in Auckland to kickstart 2017. Photos by Maria Stefina.

Kiwi channel reunites as After Hours kicks off 2017
Show Comments