1 RAEX Ranking: ICL Group in Top 10 Largest Russian IT Companies
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RAEX Ranking: ICL Group in Top 10 Largest Russian IT Companies

08August 2022

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RAEX Ranking: ICL Group in Top 10 Largest Russian IT Companies

RAEX Rating Agency has released a list of the largest Russian IT and ICT companies in 2021. In the consolidated ranking list, ICL Group is among Top 10 Russian IT companies with revenue of RUB 16.3 bln (VAT excluded) demonstrating year-over-year revenue growth rate of over 16%.

Separate rankings have also been released for various categories of IT companies. ICL Group also ranks:

  • 1st on the list of Hardware Manufacturers;
  • 4th on the list of Distribution companies;
  • 7th on the list of IT Service Providers;
  • 8th on the list of Companies Engaged in Software and Hardware Delivery within the framework of integration projects;
  • 9th on the list of Software Developers.

All in all, ranking results show that 2021 proved successful for Russian IT industry. Total revenue of ranking participants increased by 18% in 2021 (with inflation rate of 8.5%, according to Rosstat) and amounted to RUB 548.2 bln. Russian IT industry demonstrated such growth rates only 9 years ago.

“Notwithstanding all geopolitical challenges that can slow down the current IT industry growth rate, we still remain the best company in many IT fields. We are current leaders in hardware manufacturing but we also plan to further expand our manufacturing capacity,” pointed out Victor Diachkov, Chairman of the Board of Directors of ICL Group. “We hope that IT industry will adapt to troubles and challenges faced in 2022. We can see now that service packages provided on a turnkey basis are still in high demand today. The recently released ranking results demonstrating our high achievements in many business fields prove that ICL Group has a solid foundation and we are committed to continue doing our best so that high quality of IT services provided to our customers remains unchanged.”

All in all, ranking results show that 2021 proved successful for Russian IT industry. Total revenue of ranking participants increased by 18% in 2021 (with inflation rate of 8.5%, according to Rosstat) and amounted to RUB 548.2 bln. Russian IT industry demonstrated such growth rates only 9 years ago.

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