Contact: Ian Thatcher
Deloitte
Head of Corporate Finance
+61 (2) 9322 7640

Contact: Melinda Loew
Deloitte
Media Relations
(02) 9322 7146

Contact: Damien Tampling
Deloitte
TMT Partner - Corporate Finance
(02) 9322 5890

Australian firms are leading a very robust Asia Pacific tech industry according to Deloitte’s latest ranking of fast growing technology companies and its survey of their CEOs. 

Deloitte Partner in Charge, Technology Fast 500 Asia Pacific Program and Lead Partner TMT, Australia, Ian Thatcher, said Australian revenue growth when compared regionally was impressive, with seven local companies ranked in the top 20.

“This year Australia leads the pack, with three companies ranked in the top five and seven in the top 20 — the most for any country — and the highest recorded average revenue growth of 687 %,” Mr Thatcher said.

“Based on the number of Australian companies among this year’s top 20, it is clear that Australia’s strong economy is being underpinned by the rapid growth of its technology sector. The country’s skilled workforce is a key area where Australia’s competencies mirror the region-wide importance of strong tech talent.

“The difficulties CEOs reported in finding and retaining the right people are not a surprise to anyone working in the Asia Pacific region. With such a diverse geographic region, getting strong performers into the markets where they are most needed is seen by CEOs as their most crucial challenge.”

Altogether companies from 10 locations make up the 500 —a wider geographical spread than last year and a strong indicator of the sector’s robust health and continuing growth potential.

Representation from Australia is up by 5.6 % to 14 %, China is down by 4.2 % to 12.2 % and Japan is down 3.6 % to 10.4 %. Korea and Taiwan once again have the highest number of companies in the Asia Pacific ranking (both at 20%).

Please see full media release below.