Struggling Kiwi tech sector hits 10b USD of revenue


(MENAFN) New Zealand's top 200 technology companies have for the first time topped $10 billion in combined revenue as the industry continues to see strong growth, according to a new report.

It comes on the back of soaring growth in the information and communication technology (ICT) sector, which has seen Datacom Group leapfrog the long-standing previously top-ranked Fisher & Paykel Appliances by revenue.

The 126-page Technology Industry Analysis (TIN) report said technology contributed the equivalent of 10 per cent of all New Zealand exports, making it the country's third largest source of overseas revenue.

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