Australia’s information technology sector has grown by 20%, more...

Australia’s information technology sector has grown by 20%, more than double to US’ industry

Sophie Chapman - Technology - 6 hours ago , 28.9.2018

Nearmap has tripled in value during the review period, whilst Afterpay Touch has grown by 179%.
“The difference is we are starting to build global companies, so rather than being an Australian company selling to Australians we’re now Asturalian companies that can sell globally,” Dr Rob Newman, CEO of Nearmap, informed The Business.

“I think it’s pushed investors into looking at other parts of the market for that extra level of growth and you’re looking at some of these tech names and they’re trading at very high PE’s [price-to-earnings ratios] but at the same time, very good levels of growth,” remarked Andrew Tang, Equity Analyst at Morgans.

https://anz.businesschief.com/techn...s-grown-by-20-more-than-double-to-US-industry