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
"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
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 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)
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