The results of the twelfth annual TIN100 Report were released at a launch and awards ceremony in Auckland on Wednesday, celebrating the performance of New Zealand’s leading 200 tech exporters.
And the tidings? Well, the top 200 have grown strongly in size and diversity, increasing revenue by a record 12 percent over the last year to reach combined revenues of $9.4 billion. This was spread across geographies, sectors and sizes, with the growth also resulting in a record number of new tech sector jobs.
TIN managing director, Greg Shanahan says the results paint a very pretty picture for the tech industry in NZ, as never has in all the years since the launch of the TIN100 report 12 years ago has change been so dramatic or widespread.
“This year’s data signals that an inflexion point has been passed as the industry hits critical momentum, reflecting longer term acceleration of technology growth and a significant closure of the export earnings gap between dairy and tech,” Shanahan says.
“We’re also seeing changing dynamics across the industry as more companies are expanding through acquisition than ever before, more investment is being made across the entire breadth of company life cycles and more high growth companies across a range of sectors are muscling out the single market powerhouses.”
Here are some of the additional key findings from the last 12 months:
And here is that growth narrowed down to region:
The Auckland region continued its strong growth, with TIN200 companies contributing the greatest proportion of revenue ($5.4b) and creating 1,203 jobs. The top five Auckland companies in revenue terms were:
The Wellington region led regional growth by nearly doubling its revenue growth percentage, with TIN200 companies contributing over $1.9b and created 1,516 jobs. The top five Wellington companies in revenue terms were:
Hamilton grew its revenue growth percentage by 11 percent, with TIN200 companies contributing nearly $566m revenue and creating 62 jobs. The top five Hamilton companies in revenue terms were:
The South Island region made further headway with TIN200 companies contributing nearly $1.3b revenue and creating 124 jobs. The top five South Island companies in revenue terms were: