Copyright © 2014 Albuquerque Journal
New Mexico’s economy may still be dragging its heels, but this year’s list of top-performing technology companies shows stellar growth in the state’s high-tech industry.
A total of 32 companies earned a place on the 2014 New Mexico Flying 40, an annual listing of the state’s fastest-growing technology firms based on revenue expansion in the past five years.
This year’s roster shows how far New Mexico’s technology sector has come since the recession in 2009. Taken together, the honorees reported a collective 14 percent jump in revenue over the past five years, from $780.3 million in 2009 to $889.3 million last year. Employment at those firms also grew by 11 percent, from 3,528 to 3,929.
“Things are clearly improving,” said John Freisinger, president and CEO of Technology Ventures Corp., which hosts the program. “There aren’t that many radical changes on the list, but we’re seeing solid growth across the board in small double-digit numbers in revenue and employees.”