AQT Survey: the Quebec ICT industry is a growing one

MONTREAL, Sept. 21, 2011 /CNW Telbec/ - The Quebec Technology Association (AQT) presented the results of its survey last night. More than 650 Quebec ICT businesses were surveyed. The data collected from 495 businesses with between 4 and 500 employees was analyzed. The AQT Survey produced interesting information about ICT business practices and conditions in Quebec.

67% of the businesses surveyed indicated that their revenues had increased during the most recent fiscal year, as compared with the previous year. In addition, the vast majority of businesses, or 86% of them, expect revenues to increase again during the current fiscal year, as compared with the previous year.

"The results of this survey of Quebec ICT businesses are very important in terms of putting new tools in place to encourage growth in our industry, which is vital for Quebec's economic growth", said Nicole Martel, Chief Executive Officer of the AQT.

The survey also produced some other interesting results: on average, 18% of employees work in sales & marketing, 14% hold administrative positions and 33% work in research and development. The businesses surveyed also indicated that an average of 62% of their sales are made in Quebec, while 41% of them have sales in the United States and 29% in Europe.

"Sales & Marketing and exports are clearly the performance indicators that are inherent to the development and growth of our businesses," according to Ms. Martel, CEO, AQT. "For that reason, we will be offering our members training sessions and seminars on both of those topics in the near future." The AQT also plans to produce information theme sheets with statistics and highlights relative to four performance indexes: revenue, human resources, marketing and innovation. The goal is to help AQT members meet the challenges that they face.

The survey also showed that of the businesses that indicated that they have a documented or informal strategic plan, 88% intend to develop new products and services while 63% plan to expand geographically.

Obstacles to growth and investment

As part of the survey, different constraints or obstacles related to growth and investment were submitted to the respondents who were asked to choose the two that were most likely to have a negative impact on the growth of their business. 52 of the businesses identified market conditions, while fear of a skilled labour shortage was mentioned by 39%. Consequently, challenges are real for the ICT companies especially in a global market.

The AQT Survey, conducted by the survey firm SOM, queried the chief executives of information and communications technology (ICT) companies in Quebec. The survey participants will receive a personalized report to enable them to compare their own company to other similar Quebec companies, based on more than 30 indicators. The complete survey results are available, on request, to media representatives. The AQT would like to thank Canada Economic Development for making the survey possible, as well as McCarthy Tétrault who made it possible to publish the results.

The Quebec Technology Association (AQT) www.aqt.ca

The Quebec Technology Association has over 500 corporate members and affiliated members. It represents information and communications technology companies in Quebec and brings together ICT executives. It supports them in achieving their growth-related goals. Through its growth Accelerator, it also provides them with a wide array of services and business networking activities in addition to facilitating access to best management and marketing practices.

SOURCE QUEBEC TECHNOLOGY ASSOCIATION (AQT)

For further information:

Source:   AQT
Information:   Mathieu Beaudoin / Thomas Bastien
Morin Relations Publiques
514-289-8688, ext. 225 / 237
mathieu@morinrp.comthomas@morinrp.com

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QUEBEC TECHNOLOGY ASSOCIATION (AQT)

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