The IT Professional Services category realized the sharpest increase in revenues compared to last year, as the 72 companies appearing on the Top 250 this year combined to generate $10.32 billion in revenues, up 21 per cent compared to 2008. The Top 25 companies within this category also produced a considerable increase compared to last year’s leaders, increasing combined revenues by 20 per cent to $9.41 billion in 2009. CGI is the leading IT Professional Services company in Canada again in 2009. Not immune to the economic factors that affected all companies, CGI was able to increase its presence in the government, healthcare, and financial services spaces, offsetting declines in the telecommunications, utilities and manufacturing verticals. As a result of its successful shift in vertical focus, the IT and business process services provider was able to generate $3.83 billion in revenues in 2009, up three per cent compared to 2008.
For the remaining companies comprising the top five, 2009 proved to be a difficult year, as fifth-ranked Compugen was the only company in the group to realize positive, albeit modest, growth.
However, several companies on the rest of the list experienced considerable growth in 2009. Cyberplex realized a significant increase in demand for its Web advertising solutions in American and international markets, leading to an estimated 100 per cent increase in sales in 2009 to $114.75 million. OnX Enterprise Solutions followed with 47 per cent year-over-year growth to reach $156.43 million and the number 12 position on this year’s listing. The only other company to experience year-over-year growth in excess of 30 per cent in 2009 was Groupe GFI Solutions. It surpassed the $100 million mark in revenues for the first time in company history, generating approximately $107 million in 2009, up 34 per cent compared to the previous year.
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