Posted on: Wednesday, June 27, 2018
The Branham300, now in its 25th year, is the best-known and most widely referenced listing of Canada's top public and private ICT companies, ranked by revenue. The list also tracks the top ICT multinationals operating in Canada plus Up and Comers, those young Canadian companies Branham thinks will be big hits soon.
The 2018 edition of the Branham300 once again shows revenue growth in Canada’s ICT industry. Revenue generated by the Top 250 tech companies in Canada has grown every year since 2009. The growth did slow this year. In fiscal 2017, Canada’s Top 250 achieved growth of 1.14%, compared to 9.6% the previous year.
However, I want to emphasize that this slowdown in growth is not caused by weakness in either the ICT sector or the overall economy. It’s quite the opposite. We saw reduced growth because Canadian companies are so attractive that a number of large firms were purchased by Canadian or foreign buyers and were therefore no longer eligible for our ranking. Once again, Canada’s ICT professionals can be very proud of both the growth and the innovation they produced last year, and we are once again pleased to shine a congratulatory spotlight on this critical industry. Wayne Gudbranson, CEO, Branham Group, June 2018