Science and Innovation Minister Steven Joyce has congratulated New Zealand’s TIN 100 companies on reaching $7.6 billion in annual turnover, a $1 billion increase over the last five years.
The annual TIN 100 report released last night in Auckland shows the turnover of New Zealand’s top 100 technology companies grew 3.6 per cent over the 2013/14 year, while exports grew 2.3 per cent to $5.6 billion.
“This year’s TIN 100 report shows further excellent growth in New Zealand’s technology sector,” Mr Joyce says. “Our ICT and High-tech manufacturing sectors in particular are becoming a real success story.
“I am particularly impressed that exports make up 74 per cent of the turnover of the TIN 100 companies, and that those exports have continued to grow in New Zealand dollar terms despite an unusually high exchange rate and the continuing challenges of a fragile world economy.”