Innostage enters the top 10 IT companies according to RAEX

The Innostage IT company from Tatarstan, a system integrator and developer of cybersecurity solutions, has successfully debuted in the annual ranking of the analytical agency RAEX.

In 2023 financial results it ranked 9th among the largest domestic IT companies.

The top ten account for 84.5% of revenue from the total income in the ranking - 610.1 billion roubles. And the total revenue of the study participants amounted to 722.5 billion rubles in 2023, which is 27% higher than the figures for 2022.

At the same time, Innostage demonstrated twice the growth rate - 56%.

Among the factors of the dynamic development of the IT market, RAEX analysts emphasizes the transition of customers to domestic software and equipment, state support for import substitution in this area and the growing challenges of information and cybersecurity.