Tech sector revenue increases by almost $1b

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New Zealand’s tech sector has defied the economic downturn unleashed by the Covid-19 pandemic with strong revenue, export, labour and investment growth.

The annual technology industry report known as TIN, indicates sector revenue rose by nearly a billion dollars, or by 8.9 percent this year over last to $12.7b.

Financial technology (Fintech) was leading the way with double digit growth of more than 20 percent. It is expected to continue to outperform the sector.


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