IBS cuts revenue 23% in 2009
MOSCOW. June 21 (Interfax) - IBS, Russia's biggest IT holding, cut sales revenue to US GAP tentatively 23% in the financial year ended March 31 to $504.4 million, the company said in a statement.
OIBDA rose to $36.7 million, from $26.2 million in 2008. The OIBDA margin rose to 7.3% from 4%.