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TIN Report shows continued rapid growth for high tech companies

open this image in new window: 2015 TIN Report cover

This article was published on 29 October 2015

The 2015 TIN100 report on the performance of New Zealand’s top hi-tech companies tells an impressive growth story.

Launched by Science and Innovation Minister Steven Joyce in Auckland on 28 October, the 2015 TIN100 report reveals New Zealand’s TIN 200 companies collectively grew to $8.952 billion in annual revenue, a $600 million (7.3 per cent) increase over last year.

 “The report shows our hi-tech businesses are an impressive growth story that are rapidly diversifying the New Zealand economy,” Mr Joyce says. “Export revenues are up by 7.5 per cent to an all-time high of $6.5 billion and a record 19 companies now have revenues of $100 million or more.

“Job growth across the TIN200 has accelerated with 2410 new jobs created in 2014/15, taking total job numbers to 37,333.”

Minister of Science and Innovation Steven Joyce

The report also shows companies achieving revenue growth in all regions of New Zealand, growth in all three major technology sectors - ICT, manufacturing and biotechnology - and in every major export market.

Now in its eleventh year, the TIN Report provides an annual analysis of New Zealand’s largest globally-focused companies in the hi-tech manufacturing, biotechnology and ICT sectors.

The report tracks the growth of the top 100 high value manufacturing businesses (the TIN100) in the ICT, Biotech and Manufacturing sectors. The report also provides data on 100 up and coming technology companies (the TIN100+). Together these are referred to as the TIN200.

Published annually, the TIN100 Report's purpose is to quantify the economic significance of New Zealand's globally focussed technology industry by capturing key data on the country's top 200 local high-tech companies.

Callaghan Innovation is a sponsor of TIN100.

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