Asia Pacific Technology Fast 500 winners 2012
The winners of the 2012 Deloitte Asia Pacific Technology Fast 500 were announced in Hong Kong on Thursday, 6 December 2012.
Congratulations to overall winner, Procrystal Technology of Taiwan, who achieved 10,028% revenue growth over the last three years. The company attributes its success to a combination of strong research and development, steady organic growth and clear differentiation from competitors in offering a one-stop shop service across its product lines.
Revenue growth trends
The average revenue growth for the top 500 companies in the past three years hit 467%, just behind the 476% growth achieved in 2011. The top 5 winners realized an average revenue growth of 6,837%. In 2012, the revenues of the 500 companies show strong upward movement. A total of 14 firms posted revenues of over US$1 billion in 2012, against eight companies in 2011, while the numbers of companies with annual revenues of US$50 million to US$100 million in 2012 grew from 44 to 78 respectively. Only the number of companies with less than US$10 million revenue saw pullback from 207 in 2011 to 177 in 2012, almost back to the level of 175 companies in 2010.
Taiwan businesses held onto a lead over those from China clinched in 2011, contributing to the highest total number of fast-growth technology companies in Asia Pacific with 130 in the ranking, close to last year's 133 companies, including two in the top 10 (ProCrystal Technology (no. 1) and Brightek Optoelectronics, no. 5 this year and no. 8 in 2011).
Chinese companies trailed closely with 103 companies in the top 500 ranking and the second and third runner up in the top 5. Online flash sale portal Vipshop and online web game provider Gamewave Group saw 7,998% and 6,214% three-year revenue growth respectively.
South Korea placed third with 71 companies making the ranking and two companies in the top 10. Australia delivered 60 companies to the top 500 while India contributed 55, including one in the top 5, Online Recharge Services (no. 4). New Zealand, despite its small market, had 45 companies ranked, and one in the top 10 (software company EROAD (no. 10), while Japan contributed 26, including the no. 7 entrant, software firm gumi Inc.
The semiconductor, components and electronics sector continued to lead the top 500 in 2012 with 160 companies, only a little behind 166 companies in 2011 and still more than double 77 companies in 2010. It also yielded the year's fastest-growing company, ProCrystal Technology, and fifth-placed Brightek Optoelectronics. The software sector came second with 119 companies, well up from 87 companies in 2011.
The Internet sector pulled back from 92 companies in 2011 to 85 in 2012 as consumer propositions retrenched, although two of its companies (China's Vipshop and India's Online Recharge Services) were among the top 5 companies.
The telecommunications and networking sector ranked fourth once again with 40 companies, while the biotechnology/ pharmaceutical/ medical equipment sector came fifth with 33. Computers and peripherals yielded 25 firms, and green technology 19, both comparable to their 2011 performance. The media and entertainment sector also yielded 19 entrants, including one top 5 company, China's Gamewave Group.
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