Armada Ranked among Top Five Software Developers
OREANDA-NEWS. June 5, 2012. ARMADA JSC (MICEX-RTS: ARMD) has been ranked among the top five software developers in
In Expert RA’s general rating, IT companies are ranked in terms of their revenue, which is why the top positions are held by system integrators, due to a markedly high share of proceeds from hardware supplies in their overall revenues. This trend is consistent with IDC’s data, since equipment still account for about 70% of the Russian IT market, compared to the global average of about 40%. ARMADA is in 24th place in the ranking of IT companies due to a record low share (for a system integrator) of revenue derived from hardware supplies in its projects, 33%.
Expert RA compiles a special ranking of companies by revenue generated from software development. ARMADA is number five in this rating, and the only company that is included in the ranking of system integrators and named among top five software developers.
"ARMADA is the leader in software development among large system integrators. We have been able to design and offer a highly marketable line of our own software products over 15 years and develop expertise in implementing large scale complete solutions, including infrastructure. In this lucrative niche, ARMADA is #1 on the Russian market", Alexey Kuzovkin, chairman of ARMADA board of directors, pointed out.