Compared to each of the other industry segments, the ICT Hardware and Infrastructure sector was the hardest hit in 2009, as combined revenues for the category fell 21 per cent to $28.74 billion. Sector leaders did not fair any better, with the category’s Top 25 companies generating $27.91 billion in sales, down 22 per cent compared to 2008.Despite the overall decline in category revenues, several companies did experience positive growth in 2009. Leading all firms with 84 per cent year-over-year growth, RIM surged past long-time sector leaders Nortel Networks and Celestica (down 59 per cent and 22 percent, respectively.), to land in the number one spot in 2009. Since first appearing on the Branham300 in 2007, Woodbridge, Ont.-based RuggedCom has produced annual growth of at least 50 per cent. Most recently, the provider of communications networking equipment designed for harsh environments increased revenues by 54 per cent to approximately $63.19 million, landing in the 22 position in 2009.
After dropping off the Top 25 ICT Hardware and Infrastructure listing in 2008, Sandvine turned things around in 2009, increasing revenues by 35 per cent to generate approximately $68.85 million and rank number 20 on this year’s listing. Rutter, headquartered in St. John’s, Nfld., followed closely with 28 per cent year-over-year growth. However, halfway through its fiscal year, the manufacturer and engineer of radar signal processing technology disposed of its controls and automation business for just less than $23 million, contributing to its slide to the 25 position on this year’s listing.
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