Top 25 ICT Professional Services
Comprised of companies ranging from system integrators and technical consultants to value-added resellers and ICT staffing specialists, the ICT Professional Services category now represents 34.4 per cent of the companies listed on the Top 250. Throughout the past five years, the ICT Professional Services category has continually increased its representation on the Top 250, rising from the 62 companies listed in 2005 to the 86 firms that appear on this year’s ranking. Recognized as last year’s fastest growing Branham300 category, the ICT Professional Services category realized modest gains in 2010, increasing revenues to $10.65 billion in 2010 from $10.32 billion in 2009, an increase of 3.26 per cent. Cumulative growth among the Top 25 ICT Professional Services companies slowed considerably in 2010, as the category’s leaders increased sales by a combined 0.45 per cent compared to the 20.35 per cent increase experienced in 2009.
CGI Group once again headlines the ICT Professional Services category in 2010, generating $3.73 billion in revenues, down slightly from 2009 figures. After reports surfaced in mid-2009 that CGI Group was a potential M&A target, the company stated publicly that it would be a consolidator and would not be acquired. Staying true to its word, the Montreal-based company finalized a major acquisition near the end of its 2010 fiscal year, as it acquired U.S.-based Stanley for approximately $923.15 million in mid-August 2010. Given the timing of the acquisition, less than two months of Stanley’s operations were included in CGI Group’s 2010 financials.
Softchoice leapfrogged its way into the second position on this year’s Top 25 ICT Professional Services listing, increasing sales by 16.07 per cent to an estimated $1.16 billion in 2010. Third was Richmond, B.C., based MacDonald, Dettwiler and Associates (MDA), which increased revenues by 2.61 per cent to $1.03 billion in 2010.
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