NZ’s tech sector belt tightening pays off

NZ’s tech sector belt tightening pays off
Fintech maintained pole position as the biggest tech subsector for NZ, driven largely by a strong year for Xero. (Image: Getty)
Ben Moore
Efforts to cut spending paid off for New Zealand’s technology sector in a year of healthy revenue growth as job numbers declined.According to the Technology Industry Network’s 2024 TIN200 report, total revenue for NZ’s top 200 tech companies reached $17.95 billion, up $1.28b or 7.7% over 2023.The TIN report noted that this outpaces NZ’s overall economic growth but is below the index's five-year compound annual growth rate (CAGR) of 10.5%.The makeup of the TIN200, the top 200 NZ tech companies by revenue, was relative...

More Technology

Microsoft to lay off about 9,000 workers
Technology

Microsoft to lay off about 9,000 workers

The latest round of layoffs is on top of the roughly 6,000 roles cut in May.

Contented AI’s quest to turn conversations into business gold
Technology Free Business of Tech

Contented AI’s quest to turn conversations into business gold

From “ChatGPT consultants” to building a business.

Peter Griffin 03 Jul 2025
Datacom achieves profit increase
News in Brief

Datacom achieves profit increase

The firm finished the financial year with 5375 staff - 12% down on last year.

Staff reporters 02 Jul 2025
Cleantech: Burst bubble or our biggest opportunity?
Opinion

Peter Griffin: Cleantech: Burst bubble or our biggest opportunity?

A thriving cleantech sector could be NZ’s ticket to a sustainable, high-value economy.

Peter Griffin 02 Jul 2025