Tech Firms Contribute Billions To OZ Economy

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24 hours after Switch Automation rolled out a brand new OZ developed home automation system complete with new high tech door station comes news that Australia’s information technology and communications industries contributed $122.8 billion to the national economy in the year to June 30 2007, according to the latest available figures from the Australian Bureau of Statistics, released yesterday.

24 hours after Switch Automation rolled out a brand new OZ developed home automation system complete with new high tech door station comes news that Australia’s information technology and communications industries contributed $122.8 billion to the national economy in the year to June 30 2007, according to the latest available figures from the Australian Bureau of Statistics, released yesterday.

They had operating expenses of $113.27 billion, leaving operating profits before tax of $10.3 billion, Stats estimated.

The ABS reckons we had 30,313 ICT companies in the period. That suggests an average profit-before-tax of around $340,000 ­ though, naturally, results would vary wildly from company to company.

The 30,313 ICT companies employed 299,805 staff, who scored $20.12 billion in wages and salaries between them ­ an average of about $67,000 a head, as CDN calculates it. Capital expenditure by the 30,313 companies totalled
$9.55 billion.

ABS gives no comparison on how these results ­ now a year out of date ­ compare to previous years.

 

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