Revenue for Russia’s IBS Group compared to the same period last year fell by 1.1 percent to $373.6 million in the first half of the financial year ending March 31, 2013 according to a company report, Digit.ru reported.
The company’s revenue from software development increased by 25.0 percent to $181.4 million, however. Revenue from IT services decreased by 20.9 percent compared with the same period last year to $158.9 million.
Executives and contractors involved in the business processes of organizations are the most dangerous in terms of potential damage to companies from data breaches, say analysts from InfoWatch, Digit.ru reports.
The Russian Internet industry is expected generate 1.5 percent of GDP in 2013, the head of the Federal Agency for Press and Mass Communications Mikhail Seslavinsky told reporters on Wednesday, Digit.ru reports.
Seslavinsky emphasized the rapid development of all segments of the Internet, including e-commerce.
“We expect to have 1.5 percent of GDP generated by online industry, including payments,” he said.
Sixteen of the best innovation projects were selected last week in Moscow in the first stage of the largest tech contest in Russia and neighboring countries. Known as the BIT Contest, short for Business of Innovative Technologies, this year marks the tenth time the prizes have been awarded.
The volume of the Russian IT market will grow by 7 percent to $34.8 billion in 2013 according to research carried out by IDC, Digit.ru reports.
According to IDC, personal users will account for the majority of Russian growth. Individuals are followed by the transport, communications and public utilities sectors. The segment of the market represented by government, education and healthcare is also expected to provide significant growth in terms of volume through major investments in the segment by the Russian state.
The volume of the Russian market in mobile applications in 2013 will amount to about $246 million and is due to reach $1.6 billion by 2016, according to a recent report by J’son & Partners Consulting, Digit.ru reports.
The market in mobile applications — software designed specifically for smartphones, tablet computers and other mobile devices — is led by Apple’s AppStore, Google Play and the Windows Phone Store.
From January to August 2013, salaries in the IT segment grew by 15 % in Russia, according to a report by employment agency Unity cited by news agency RIA Novosti. This growth is 5% higher than predicted for the field in 2013 and almost twice as fast as the growth in the human resources market as a whole.
The Russian market for business intelligence software in 2012 amounted to more than $340 million according to IDC, reports RIA Novosti.
The top five companies in the sector included SAP, Oracle, Microsoft, IBM and SAS. They were joined by Prognoz, a Russian company based in Perm whose sales of analytical applications outpaced the competition.
According to analysts, the main consumers of software for business intelligence were companies operating in the financial, government and telecommunications sectors, as well as retail and wholesale trade.
IBS Group, an integrator and developer of custom software, has announced the preliminary results of fiscal year 2012, ending March 31, 2013. According to company figures, consolidated revenues totaled $870.5 million, which is up 6.6 percent on fiscal year 2011.
The company’s IT services sector in fiscal year 2012 resulted in revenues of $483.8 million, which is 1.5 percent better than the previous year.
Software development, represented by Luxoft, showed the largest increase for IBS, with 16 percent compared to last year revenues of $314.6 million.
FORS Group has announced that the company’s revenue for 2012 has increased by almost 21% over 2011, totaling 5,840,638 rubles ($186,053). Last year the company saw revenue of 4,842,652 rubles ($154262).
IT services (integration, consulting, technical support) accounted for 39 percent of the company’s of the revenue, while software distribution accounted for 38 percent. The share of FORS software development business was set at 17 percent of overall revenue with hardware distribution accounting for 6 percent.