Leaf ranked number 33 in the 2016 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. This is the eighth consecutive year Leaf have ranked in the Deloitte Technology Fast 50.
Rankings are based on average percentage revenue growth over four years. The Deloitte Fast 50 measures Ireland’s fastest growing indeginious companies in the tech sector. The awards, which are in their seventeenth year in Ireland, recognise the contribution to the overall technology sector in Ireland, and indeed the overall economy.
Cumulatively, the 2016 Fast 50 winners generated approximately €1.6 billion in total annual revenues in 2015. The average revenue of companies featuring on the ranking was approximately €31 million, while the average growth rate of the companies over the last four years was 270%. On average, exports account for 61% of turnover for this year’s winning companies, while R&D expenditure represents just under a fifth of turnover (18%).
Announcing the winners of the Deloitte Technology Fast 50 programme, Peter Allen, Partner, Deloitte Belfast said: “We are delighted to be recognising these exceptional and innovative Irish companies. Their contribution to the technology sector is critical to the success of the industry overall in Ireland and it is clear from the turnover derived from exports that they are having considerable success in global markets also. This ambition is hugely encouraging to see and will be increasingly important in a post-Brexit marketplace, where pressure on margins may neccessitate diversification into other markets. For this reason, and due to the wealth of opportunity that presents itself, we expect developed and emerging markets to be increasingly important for Irish technology companies. The success that has been achieved to date by the technology sector in Ireland and Northern Ireland leaves them well placed to capitalise on this momentum.”
For more information on the Deloitte Fast 50 Awards Fast 50