TOP-10 software developers in Russia by net profit ratio

ranking 29/07/2020

Information agency Credinform represents a ranking of the largest Russian software developers. Software developers and companies rendering consultancy services in this business area (TOP-10) with the largest annual revenue were selected for the ranking, according to the latest accounting periods in the Statistical Register (2017 – 2019). Then they were ranked by the net profit ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Net profit ratio (%) is a relation of net profit (loss) to sales revenue. It is an indicator of the level of sales revenue.

There is no standard value for this ratio. It is recommended to compare companies of the same industry, or change in the ratio of the specific company. Negative value of the ratio is indicative of the net loss, and the high one means the efficiency of the company.

For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.

Table 1. Net profit, revenue, net profit ratio, solvency index Globas of the largest Russian companies of the financial market (TOP-10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Net profit ratio, % Solvency index Globas
2018 2019 2018 2019 2018 2019
1 2 3 4 5 6 7 8
V KONTAKTE LTD
INN 7842349892 Saint Petersburg
up19 309,1 up22 629,2 up7 059,3 up8 177,0 up36,56 down36,13 189 High
MFI SOFT LIMITED
INN 5260146265 Nizhnii Novgorod region
up9 524,2 up16 387,2 up2 024,7 up4 595,7 up21,26 up28,04 171 Superior
JSC MEGALABS
INN 7713556058 Moscow
up15 955,5 up17 887,6 up1 911,1 up4 542,0 up11,98 up25,39 178 High
YANDEX LLC
INN 7736207543 Moscow
up104 828,1 up123 748,2 up28 241,3 down26 516,1 up26,94 down21,43 170 Superior
EPAM SYSTEMS LTD
INN 7719232155 Moscow
up11 690,1 up14 629,4 up2 037,2 down1 468,2 up17,43 down10,04 193 High
IBS EXPERTISE
INN 7713606622 Moscow
down10 336,1 up12 145,8 down948,1 up1 138,6 down9,17 up9,37 227 Strong
SKB KONTUR
INN 6663003127 Sverdlovsk region
up12 776,0 up14 099,4 down794,8 up796,8 down6,22 down5,65 173 Superior
INFORMATION AND TECHNOLOGY SERVICE COMPANY
INN 7728654530 Saint Petersburg
up8 527,0 up11 940,0 up144,8 up465,2 up1,70 up3,90 269 Medium
IBS PLATFORMIX
INN 7707507077 Moscow
up13 805,7 up14 872,4 up268,8 up320,2 down1,95 up2,15 189 High
LIMITED LIABILITY COMPANY SAP CIS
INN 7705058323 Moscow
up35 188,7 up35 575,6 up540,8 down-1 480,6 up1,54 down-4,16 265 Medium
Average value for TOP-10 up24 194,1 up28 391,5 up4 397,1 up4 653,9 up13,47 up13,79  
Industry average value up44,8 up56,9 up5,7 down5,0 up12,69 down8,36

вверх improvement compared to prior period, вниз decline compared to prior period

Average value of debt-to-assets ratio of TOP-10 companies is above the average industry one. Five companies improved the standard value in 2019.

Picture 1. Net profit ratio and revenue the largest software developers in Russia (TOP-10) Picture 1. Net profit ratio and revenue the largest software developers in Russia (TOP-10)

During the decade, average industry values of net profit ratio had a tendency to decrease. (Picture 2).

Picture 2. Change of industry average values of net profit ratio of software developers in Russia in 2010 – 2019 Picture 2. Change of industry average values of net profit ratio of software developers in Russia in 2010 – 2019