13 Aug 2019 18:08

Russia's biggest system integrators return to revenue growth in 2018 after disappointing 2017

MOSCOW. August 13 (Interfax) - CJSC Croc Incorporated, one of Russia's biggest system integrators, saw its revenue to Russian Accounting Standards (RAS) rise 34% YoY in 2018, to 26.3 billion rubles, according to SPARK-Interfax.

JSC I-Teco boosted its revenue to 19.5 billion rubles (16 billion in 2017). Lanit's revenue rose 17%, to 12.8 billion.

Last year, the companies reported revenue losses of up to 20% in 2017.

For Technoserv AS, however, the losses continued, with revenue falling 31% in 2018, to 13.6 billion rubles. Its net loss was 1.78 billion rubles, compared with a profit of 187 million rubles a year before.