Technology Investment Network 100
New Zealand technology firms could be well placed to weather tough economic times, as a more favourable exchange rate boosts earnings.
The latest Technology Investment Network analysis estimates the total revenue of the top 100 tech companies at $6.4 billion.
"Some 75 per cent of that is from exports, it's not internally generated revenue," says Greg Shanahan, the network's managing director.
Most of the companies are in the business of making products rather than software, so a big question for the future is where will manufacturing be done, as firms try to control costs and risk.
Fisher and Paykel Appliances, the largest firm on the list with revenue of $1.4 billion, moved the majority of its manufacturing offshore during the year, and its spin-off Fisher and Paykel Healthcare is considering a Mexican plant.
F&P Appliances' revenue dropped 1 per cent during the year, while F&P Healthcare could only manage 3 per cent growth in New Zealand dollar terms, as exchange rate fluctuation knocked back the effect of its 18 per cent boost in US dollar sales.More in NZ Herald October 22...