BlackBerry Remains Canada's Biggest Tech Company, but Not for Much Longer

Posted by Knowlton Thomas

The annual Branham300, which lists the top Canadian information and communication technology firms, shows Waterloo-based smartphone maker as number one for 2013, where it has been for five years.

But plunging revenue and a shrinking market cap are apt to push the diminished company to second this year. BlackBerry's 2013 revenue was just shy of $12 billion, but it dropped 40% year-over-year. Meanwhile, CGI Group pumped revenue up 111% to more than $10 billion, closing the gap.

 

 

And we since we already know BlackBerry's 2014 results—less than $7 billion—it's safe to say the company won't just be pushed out of first, it will drop out of the top five. Telecommunications giants BCE, Telus, and Rogers round out the top five with 9.5 billion, 9.3 billion, and 8.4 billion in revenue (including their wireless and internet business only).

Overall the top 250 ICT companies had combined revenues of $85 billion. Despite BlackBerry's fall, that's still up 2.4% over 2012.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more

Company:
Branham Group
Website:
http://www.branhamgroup.com
Location:
Ottawa, Ontario, Canada

Branham Group is a leading industry analyst and strategic marketing consulting company servicing the global information and communication technology (ICT) marketplace. Branham Group assists ICT companies and related institutions in achieving market success through its custom consulting services (Planning, Marketing and Partnering), and through its multi-client research subscription programs (Digital Health, Green... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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