RTLabs breaks into Top Russian IT companies by RAEX rating
The company's yearly revenue growth rate reached 17.9%
For the first time ever, RTLabs made its way into the RAEX rating of 2017 Top IT Companies in Russia, coming 24th, and was ranked 15th as provider of IT services. The rating was published in the thematic supplement to the Kommersant newspaper and on the website of Kommersant and RAEX.
RTLabs showed a revenue growth rate of 17.9% in 2017. The increase resulted from the expansion of the sales geography and implementation of large federal projects, as well as the development of key business areas and delivery of new digital services.
According to RAEX, the total revenues of the companies included in the ranking grew by 14% in 2017 (as compared to 11% a year earlier) to make 666.6 billion rubles. So, the market is not just growing for the second consecutive year, but it is surpassing inflation successfully (2.5% in 2017 and 5.6% in 2016). The market expansion is largely driven by the progressive digitalization of the economy.
Earlier, RTLabs was included in TAdviser’s TOP-50 ranking of Russia’s largest IT companies.