Top 25 IT Multinational Companies   |  March 31, 2009  

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The Top 25 IT Multinational Companies listing highlights the leading foreign-owned IT organizations that maintain operations within Canada. Established leaders in the global marketplace, these firms make a significant contribution to the Canadian economy, and more specifically the Canadian ICT industry, by creating employment, encouraging innovation and stimulating growth. The revenue figures used to rank these companies consist of only domestic and/or export revenue generated by the organizations’ Canadian entity.

Hewlett-Packard (Canada) closed in on perennial number one company IBM Canada by generating an estimated $5.2 billion in revenue in 2008, a 19 per cent increase compared to 2007. Hewlett-Packard made headlines in mid-2008 with the announcement that it would acquire EDS, a global technology services company and last year’s number 10 ranked IT Multinational operating in Canada. The deal was valued at US$13.9 billion, one of the largest ever in the technology industry. Microsoft Canada achieved 18 per cent estimated revenue growth in 2008, surpassing fourth-ranked Siemens Canada, and reclaiming its position in the top three in 2008.

Three companies made their first appearances on the Top 25 IT Multinational Companies listing in 2008. General Dynamics Canada, an arm of the company’s Information Systems and Technology unit, debuted at number 12, generating more than $575 million in 2008. Sapphire/Randstad Canada made the transition from the Top 250 listing in 2008, landing in the number 14 spot this year by achieving 58 per cent revenue growth compared to 2007. IT security software company McAfee cracked the Top 25 for the first time in 2008, achieving an estimated 24 per cent revenue growth for the number 25 position.


Top 25 IT Multinational Companies - 2008

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