CNews100: First Half-Year 2022 Results
CNews Analytics tallied the revenue of the Russian IT market players from Top-100 largest national IT companies.
Cinimex has placed 12th in the provisional ranking, with revenue up by 28.4% year over year. In the first 6 months of 2022, Cinimex’s consolidated revenue amounted to 1,073,293 thous. RUB, compared with 835,584 thous. RUB in 2021.
In May, analysts predicted a 25% contraction of the Russian IT market over the year 2022. However, CNews reports that in the first half-year 2022, the largest Russian IT companies notched an almost 60% increase in revenue compared with the same period last year. The highest growth was registered by companies in the IT services segment. Their revenue has nearly doubled year over year.
Find the complete market review by CNews here.