BlackBerry Canada’s Top Tech Company Again

by Istvan Fekete on April 23, 2014

2014 marks the 21st year of Canada’s Top Tech Companies listing signed by the Branham Group, which ranks the country’s best-performing companies in terms of revenue in the yearly Information Communication Technology (ICT) report.

As the press release points out, Canada’s ICT industry continued to move forward in 2013, yet again setting a record, with cumulative revenue for the Top 250 Canadian ICT companies increasing y 2.4% to $85 billion.

This list is once again topped by the struggling Canadian smartphone manufacturer, BlackBerry, despite significant decreases in revenue (-40% or $11.8 billion) measured throughout the year. On the other hand, other local tech companies have been making up the difference.

What’s good for the tech sector is that 70% of the listed companies have increased revenues in 2013, and just under half of this year’s top tech players posted at least double-digit gains in sales. As the above picture shows, BlackBerry’s drop in revenue heavily affected the cumulative numbers of the ICT report, inflating the overall growth of the sector in 2013.

In 2013 BlackBerry had another tough year, posting revenues of just under $11.8B, which represents a 40% decline year over year. BlackBerry accounted for 22.1% of the Top 250’s total revenue on last year’s listing, where in 2013 this representation drops to 13.9%. Netting out BlackBerry’s revenue from the past two years actually shows that the Canadian ICT grew by 13.3%. Given the latest release of BlackBerry’s FY2014 results, this will also have a very dramatic effect on next years listing as well, and perhaps may lead to a change in the top spot on the top 250, a spot that BlackBerry has held for the last 5 years.

Canada’s top wireless players have continued to dominate the market, and ranked well in the ICT list, but all dropped one spot. Bell ranked third, following the CGI Group; while Telus dropped to fourth and Rogers to fifth places, respectively.

Canada’s three largest national telecommunication companies – BCE, Rogers Communications and TELUS – continued their dominance on the Canadian wireless and internet market in 2013. BCE and Rogers Communications posted marginal gains of 1% each with revenues of $9.45B and $8.4B respectively, while TELUS churned out an estimated 6% increase in wireless and internet sales to $9.30B, the report notes.

Did you like this post? publishes daily news, editorial, thoughts, and controversial opinion – you can subscribe by: RSS (click here), or email (click here).

Written by: Istvan Fekete. Follow by: RSS, Twitter, Facebook, or YouTube.

{ 1 trackback }

BlackBerry Outselling iPhones and Samsung Galaxy S4 in Toronto, but Nowhere Else —
June 11, 2014 at 5:58 am

Comments on this entry are closed.

Previous post:

Next post: