CFT moved up in RIA Rating as compared to the previous year
Experts of RIA Rating have made rating of largest Russian IT companies by the amount of income in 2014. Ranking represents all IT sectors, CFT Group moves up from its 2014 #13 position to # 12.
Ranking made by RIA Rating agency included 60 Russian IT companies. Their total revenues in 2014 increased 6% to RUB 658.7 bln as compared to 2013. Poor industry performance was largely expectable and resulted in not the most favorable microeconomic background.
According to experts of RIA Rating agency, slow industry growth rates observed for the second year mainly led to a general economic decline already emerging in 2013. Business decline, disinvestment and negative expectations resulted in decrease in demand for services and products offered by IT companies. IT industry in Russia largely depends on general economic growth rates and is sensitive to investment expectations of major customers.
View ranking of the largest Russian IT companies according to RIA Rating