Russia’s biggest system integrators return to revenue growth in 2018 after disappointing 2017

CJSC Croc Incorporated, one of Russia’s biggest system integrators, saw its revenue to Russian Accounting Standards (RAS) rise 34% YoY in 2018, to 26.3 billion rubles, according to SPARK-Interfax.

JSC I-Teco boosted its revenue to 19.5 billion rubles (16 billion in 2017). Lanit’s revenue rose 17%, to 12.8 billion.

Last year, the companies reported revenue losses of up to 20% in 2017.

For Technoserv AS, however, the losses continued, with revenue falling 31% in 2018, to 13.6 billion rubles. Its net loss was 1.78 billion rubles, compared with a profit of 187 million rubles a year before.

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