The Branham Group have released its annual report on Canada’s Top Tech Companies. Now in its 23rd year, the Information and Communication Technology (ICT) report showcases the top companies in various categories by annual revenue. BCE, parent company of Bell, has once again held its position as “Canada’s revenue champion.”
According to the report, the total 250 companies that made the list set a new revenue record in 2015 by amassing a combined $96.1 billion in revenue, a year-over-year increase of 5.7 percent. Branham states this “is a remarkable total” and one we’ll most likely see increase in 2016.
BCE’s total revenue in 2015 was $14.04 billion, up from $12.23 billion the previous year. “This is also a year in which front-runner BCE actually extended its lead. Last year, the company was ahead of Rogers by only $1.5 billion; this year, the gap is $5.1 billion. It seems that BCE’s real competition is now Telus, which this year moves into the number two spot,” said the Branham Group in its report.
Other Canadian-based communication providers that made the list also fared well. Specifically, Shaw saw a 9 percent increase in revenue, Telus saw a 6 percent increase and the company managed to claim second spot in the report, Rogers saw its revenues jump 5 percent, MTS saw a more modest 1 increase, and Quebec-based Videotron, which jumped two spots to number 12 on the list, saw revenue climb to $2.104 billion.
However, the report also shows BlackBerry continues to struggle. The Waterloo-based company saw revenues drop by a whopping $4.4 billion to $4.3 billion in fiscal 2015.
Sorted by province, the top 250 ICT companies hail from:
Alberta: 24 companies
Quebec: 27 companies
British Columbia: 41 companies
Ontario: 150 companies
The report also saw Ottawa-based Shopify enter the fold. The e-commerce business recently went public and managed to secure the number 37 on the list with revenues of $262.5 million, up 95 percent over the previous year.
Source: Branham Group