CFT in TOP-10 largest Russian IT companies
Expert Rating Agency has published the list of largest Russian IT companies following the results of 2014. CFT Group moves up from #12 in 2013 to # 10 in 2015 among the largest Russian IT companies (overall list – all IT market segments) based on the company’s total revenue received from IT business in 2014.
Total revenue of IT market participants increased 8% to RUB 404.8 bln for 2014. Though less than the official annual inflation (11.2%), IT market still improved its indicators as compared to zero total revenue growth in 2013. According to experts, key growth points for today and the nearest future – import substitution, large-scale government projects on IT development and database creation.
Traditionally, the largest share of positive cash flow comes from the sector of IT services. The revenue increased 9% to RUB 190 bln in 2014 as compared to 2013 (which is almost one half of the total revenue by ranking). Sector participants notice increasing demand for IT outsourcing, namely from the banking sector.
By results of 2014 CFT ranks 7th among Russian IT companies providing IT services.
Full version of the largest IT companies ranking is available at the website of Expert RA rating agency.