Russian IT market to hit €16bn in 2012

The IT market in Russia went up by 15% last year, fuelled by healthy development of the Russian economy. The market finally bounced back after the 2009 crisis. Forecasts for 2012 assume the pace of growth will slow down, but it will remain double-digit.
IT product sales and services in Russia increased to RUB 584.4bn (€14.3bn) in 2011, 15.4% more than in the previous period. The majority of the leading vendors and system integrators reported double-digit revenue growth in the country last year. Several big projects were also announced in 2010 and 2011, including SAP implementations in Gazprom and Severstal, a MTS contract with Oracle, Gazprom’s software licence purchase agreement with Microsoft, Oracle’s e-Business Suite implementation in the Russian State Treasury and Oracle’s Siebel CRM installation in Sberbank.

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