Russian, Indian students creating friendship satelliteScience & Space August 16, 21:46
Zenit St. Petersburg loses 0:1 against FC Utrecht in first leg of Europa League play-offSport August 16, 21:34
Saakashvili plans to return to Ukraine on September 10World August 16, 21:23
Russian diplomat concerned over US and North Korean aggressive statementsRussian Politics & Diplomacy August 16, 20:32
Diplomat says US-made chemical weapons found in Syria prove West’s support for terroristsRussian Politics & Diplomacy August 16, 20:14
Russia’s St. Petersburg to host World Travel Awards in SeptemberSociety & Culture August 16, 19:37
Combat aircraft to make up over 50% in Russian state arms seller’s exportsMilitary & Defense August 16, 19:22
Poroshenko orders probe into reports about supplies of missile technologies to North KoreaWorld August 16, 19:08
Over 700 policemen to provide security at UEFA Europa League’s match in Russia's KrasnodarSport August 16, 19:02
Revenues from Russian operations amounted to $521.2 million in the reported period. Revenues from North America amounted to $192.1 million, while European operations gave $190.3 million of revenue.
IT services segment revenues decreased 11.2% in the period to $429.8 million. Software development segment revenues increased 26.0% to $398.3 million.
“We have noticed a significant transformation of the demand for corporate solutions on the Russian IT market which is driven by emerging of new technological philosophy of the IT-support by corporations. The changes are influenced by implementation of such technologies as cloud solutions, mobile devices, and big data,” the group’s President Anatoly Karachinsky said, as quoted in the statement.
IBS Group is owned by a group of individuals, including Karachinsky and the group’s Vice President Sergei Matsotsky, while 34.9% of shares are in a free float on the Frankfurt Stock Exchange. The group’s capitalization amounts to $406.8 million. The group’s main units are systems integration company IBS and software designer Luxoft.