ICL Is One Of The Top 20 Largest It Companies Based On Results For 2017 (Expert RA)

Expert RA rating agency announced its list of the largest Russian information and communication technology groups and companies for 2017. ICL Group is in the TOP 15 of the consolidated rating with a revenue of RUB 7,831,210 thousand (excluding VAT). The Company rose by 4 positions y-o-y due to the annual revenue growth by 6.4%.

In the context of individual services, ICL took the following positions:

1.  TOP 3 Russian manufacturers of equipment.
2.  12th place in IT services (outsourcing, integration, and consulting).
3.  TOP 15 suppliers of equipment and software in the framework of integration projects.
4.  TOP 16 software developers.

It was the 16th ranking of the largest IT companies that was announced by the RAEX (RAEX-Analytics) agency. According to the results for 2017, analysts report a noticeable revival in this market and predict its further expansion due to the growing digitalization of the Russian economy, as well as to the policy of import substitution, and cybersecurity efforts.

The list included 49 Russian companies, the total revenues of which increased by 14% y-o-y (in 2016, the growth was 11%) and amounted to RUB 666.6 billion. Thus, the Russian ICT market is not just growing, but is also vastly superior to the inflation for the second year in a row (2017: 2.5%; 2016: 5.6%).