Top 25 ICT Multinational Companies
Although their roots are not inherently Canadian, foreign ICT multinationals play an integral role in the health of Canada’s ICT industry. Annually, Branham strives to assemble a ranking of the Top 25 ICT Multinationals with operations in Canada. The companies comprising this year’s Top 25 listing put together an impressive campaign in 2010, as 19 of the listed firms experienced positive growth in their Canadian operations. Comparatively, only 11 of the multinationals landing on last year’s listing experienced revenue increases, most of which were modest gains.
Once again, IBM Canada ranks as the largest multinational with operations in Canada, as the IT products and services provider rebounded from a 13.80 per cent decline in 2009 to increase sales by 12.23 per cent in 2010 to an estimated $5.2 billion. HP Canada followed closely in the second spot boosting sales by 10.04 per cent in 2010 to an estimated $4.5 billion. Rounding out this year’s top three is consumer electronics juggernaut Apple Canada, which increased revenues in Canada by approximately 52.02 per cent to an estimated $2.22 billion, largely due to the continued success of the iPhone and the well-received launch of its tablet offering, the iPad.
Four other multinationals experienced notable growth in Canada in 2010. Ericsson Canada leads the group with a 62.36 per cent increase in sales to an estimated $1 billion, largely due to the acquisition of many of Nortel’s assets over the past two years. SAP Canada followed, boosting sales by 22.1 per cent year over year to $788.17 million, while Oracle Canada experienced a 20.49 per cent increase in annual sales in Canada to $883.21 million in 2010.
Expect Oracle Canada’s revenues to continue to surge in 2011, as it will benefit from a full year of the acquisition of Sun Microsystems’ operations, which produced historical revenues in excess of $300 million in Canada. Cisco Systems Canada rounds out this year’s group of high-growth multinationals, increasing revenues by approximately 17.03 per cent in 2010 to $1.33 billion.
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