MONTREAL, Oct. 17, 2012 /CNW Telbec/ - Last night, the Quebec Technology Association (AQT) revealed the results of its survey of over 850 Quebec information technology companies. Data collected in 2011-2012, from 634 companies with between 4 and 500 employees was analyzed under this initiative known as the AQT Barometer. This survey provided an interesting snapshot of business practices and the state of Quebec ICT companies.
A typical ICT company in Quebec employs 36 people, has been in business 17 years, and generates annual sales of $4.7 million, with 35% of its income derived from outside Quebec. While the typical Quebec ICT company maintains a presence beyond our borders, particularly for marketing activities, the total payroll remains largely in Quebec.
AQT has produced fact sheets featuring highlights and statistics based on four performance indicators: human resources, innovation, marketing, and income.
Performance indicators shine the spotlight on the innovative spirit of the Quebec ICT sector
- HUMAN RESOURCES: Results point to the relative stability of administration positions to the benefit of other positions. En average, 30% of employees work in research and development.
- INNOVATION: The innovation indicator, which is based on the contribution of external expertise, strategic planning, and the application of development methodology, is on the rise.
- MARKETING: Mergers and acquisitions are expected to increase to promote geographic expansion.
- INCOME: Companies estimate recurrent income to be 42%. This figure could increase as a result of the massive move to cloud computing.
Despite the major recession in the U.S. and Europe, local markets appear relatively resilient and a greater concentration of income was noted in Quebec. Following a minor decline, Quebec ICT companies are on the lookout for opportunities.
"While these may be turbulent times, the Quebec ICT industry is staying the course. Industry players are in action and innovation mode with a strong focus on the export market", stated Nicole Martel, Chief Executive Officer of AQT.
Growth challenges in a competitive market
- HUMAN RESOURCES: More than half the companies are intent on the development of new employee retention strategies.
- INNOVATION: 64% of respondents said they believe in fostering communications with other executives to benefit from their knowledge and enhance the performance of their company.
- MARKETING: Direct sales represent 82% of marketing income while 16% comes from indirect channels (i.e. distribution networks).
- INCOME: 39% of Quebec ICT companies have funding sources other than sales, including 14% that have access to venture capital.
About the AQT Barometer
The AQT Barometer aims to help members meet management challenges in AQT's three areas of intervention: growing the industry's reach and representation, helping companies enhance performance through the implementation of best business practices, and promoting business networking and partnerships.
The AQT Barometer was conducted by the SOM survey firm with CEOs and executives of information and communications technology (ICT) companies across Quebec. Survey participants received a personalized report allowing them to gauge their performance, relative to similar companies, on more than 30 indicators. Complete survey results will be made available to the media on request.
About the Quebec Technology Association (AQT) www.aqt.ca
The Quebec Technology Association promotes innovative SMEs in the ICT industry by helping their CEOs and management teams reach business development objectives.
Now the largest ICT business network in Quebec, the AQT, a non-profit, self-funded organization, provides its 500 member and affiliate companies with local and international networking opportunities, as well as business comparison and improvement tools - true building blocks of success!
SOURCE: QUEBEC TECHNOLOGY ASSOCIATION (AQT)
For further information:
AQT - Valérie Danger, Director of Communications and Projects, 514 874-2667, ext. 118, [email protected]