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	19 309,1	22 629,2	7 059,3	8 177,0	36,56	36,13	189 High
MFI SOFT LIMITED INN 5260146265 Nizhnii Novgorod region	9 524,2	16 387,2	2 024,7	4 595,7	21,26	28,04	171 Superior
JSC MEGALABS INN 7713556058 Moscow	15 955,5	17 887,6	1 911,1	4 542,0	11,98	25,39	178 High
YANDEX LLC INN 7736207543 Moscow	104 828,1	123 748,2	28 241,3	26 516,1	26,94	21,43	170 Superior
EPAM SYSTEMS LTD INN 7719232155 Moscow	11 690,1	14 629,4	2 037,2	1 468,2	17,43	10,04	193 High
IBS EXPERTISE INN 7713606622 Moscow	10 336,1	12 145,8	948,1	1 138,6	9,17	9,37	227 Strong
SKB KONTUR INN 6663003127 Sverdlovsk region	12 776,0	14 099,4	794,8	796,8	6,22	5,65	173 Superior
INFORMATION AND TECHNOLOGY SERVICE COMPANY INN 7728654530 Saint Petersburg	8 527,0	11 940,0	144,8	465,2	1,70	3,90	269 Medium
IBS PLATFORMIX INN 7707507077 Moscow	13 805,7	14 872,4	268,8	320,2	1,95	2,15	189 High
LIMITED LIABILITY COMPANY SAP CIS INN 7705058323 Moscow	35 188,7	35 575,6	540,8	-1 480,6	1,54	-4,16	265 Medium
Average value for TOP-10	24 194,1	28 391,5	4 397,1	4 653,9	13,47	13,79
Industry average value	44,8	56,9	5,7	5,0	12,69	8,36

improvement compared to prior period, 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)

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