New Zealand's biggest technology firms rose above global economic turmoil to post a 5 per cent overall increase in revenue to more than $7 billion this year, a report says.
The rise in sales flagged in this year's Technology Investment Network TIN100 report turns around a drop in revenue recorded last year.
The annual report monitors data from New Zealand's 100 largest technology exporters, as well as a further 100 emerging firms in IT, biotech and high tech manufacturing.
Publisher Greg Shanahan said the combined revenue of the TIN100 would have increased by 7 per cent if not for the impact the strong kiwi dollar was having on many exporters.
"New Zealand companies across the board were able to exploit growth opportunities, particularly across the Tasman where revenues grew by 10 per cent," Shanahan said. "Whilst Asia is growing well, it is Australia where the current volume lies."