Publikacijos
2007-11-15
Baltic ICT market news - Autumn 2007
IT sector growth has been accelerating for the last 4 consecutive years. In 2007 H1 IT sector growth continues, market conditions remains strong. Number of M&A transactions has also increased, suggesting that market participants are looking for alternatives ways to expand and indicates positive expectations towards future market conditions. Combined revenues of Prime’s Top 20 companies grew by 30.4% in 2007 H1, compared to 28.3% last year. Exigen Services again secured the 1st place with IT services revenue of more than EUR 11.5m and growth of 23.4% y-o-y. It was followed by Alna and Microlink Eesti with revenue of EUR 5,8m and EUR 5,3m respectively. Historically, IT service revenue growth in H2 is higher than in H1 and this suggests that most of the companies are likely to enjoy strong results in H2 and in the whole year. The rankings that are being compiled since 2001 are based on revenues from in-house developed IT services and value-adding efficiency. The ranking does not include any sales of hardware, distribution of software other than developed in-house, office equipment or other products.