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Revenue of Russian IT companies rises by 43% to $59.87 bln in 2023

According to Maksut Shadayev, in 2023, the volume of revenue from the implementation of IT companies’ own solutions increased by 31%

MOSCOW, March 26. /TASS/. The total revenue of Russian IT companies in 2023 amounted to 5.5 trillion rubles ($59.87 bln) - according to Minister of Digital Development Maksut Shadayev, this figure increased by over 40% compared to 2022.

"The revenue of companies in the IT industry grew by more than 40% last year," the minister said. According to his presentation, the annual growth reached 43.2%, compared to 2019 - 2.6-fold.

According to the Minister, in 2023, the volume of revenue from the implementation of IT companies’ own solutions increased by 31%. "Revenue is growing due to the efficient development and implementation of domestic solutions," Shadayev said.

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Internet & Telecom

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