The Top 25 IT Multinationals are foreign-owned IT organizations that maintain operations in Canada. The firms appearing on this list are some of the largest companies in the global IT arena, with worldwide revenues ranging from approximately $200 million to $115 billion in 2009. However, for the purpose of this listing only domestic and/or export revenues generated by the organizations’ Canadian entities are used to rank these firms.
Illustrating that not even the largest IT organizations in the world are immune to challenging economic conditions, 60 per cent of this year’s Top 25 IT Multinationals experienced declining revenues in 2009. Further, an additional 16 per cent of the companies listed realized stagnant growth, maintaining their 2008 level of sales. This volatility, coupled with the fact that six companies made their inaugural appearance on the listing this year, resulted in a considerable amount of movement among the ranks.
The top two companies from last year’s listing maintained their positions in 2009, as IBM Canada and HP Canada generated an estimated $4.88 billion and $4.30 billion in revenue this year. Siemens Canada surpassed Microsoft Canada, which realized a three per cent decline in 2009, to reclaim the third position it held two years ago, generating $2.50 billion in revenue in 2009. The only company in the top five to experience positive growth (up 12 per cent in 2009) was Apple Canada, which climbed one position to the fifth spot this year with an estimated $1.31 billion in revenues in 2009.
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Branham300 Table of Contents - 2010
