EU – Baltic States, Investments, Technology, Telecomunications
International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2024, 02:54
Exigen Services secured the first place with IT services revenue of EUR 20.5 mln in 2009
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The ranking does not include any sales of hardware, distribution of software other than developed in-house, office equipment or other products.
IT service sector has contracted in 2009. The slowdown is most notable for companies specialized in public sector projects. IT service revenues have dropped by 8.7% for companies that provided data and got into TOP-20 ranking, a notable contrast to 11.8% growth in 2008. 13 out of 20 companies experienced a drop in IT service revenues and for 5 of them the drop was more than 20%. According to market participants, loss of revenue is most notable for companies that specialized in public sector orders, while their peers with wider market diversification lost less or even sustained growth in 2009.
Exigen Services again secured the 1st place with IT services revenue of EUR 20.5m. It was followed by Webmedia Group and Alna Group with annual revenue of EUR 14.9m and EUR 14.8m respectively.
Next issue of Baltic ICT Market News, containing results for the first half of 2010, will be published in October 2010.
Full report can be downloaded here.
* ICT – information and communication technology
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