Tech sector cracks $1 billion in growth

It’s been a boom year for New Zealand technology companies, lifting revenue by $1 billion.

Tech companies’ revenue increased by 12 per cent in the year to June, according to Technology Investment Network’s TIN100 report released last night.

The sector, which includes high-tech manufacturing, ICT and biotechnology, reached combined annual revenue of $9.4b up $1b on the previous year.

Now in its twelfth year, the report was launched by Minister for Science and Innovation Steven Joyce at a cocktail event in Auckland.

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