Russia’s IT Companies Report Sharp Revenue Growth
The country’s IT sector is expanding rapidly, with higher tax contributions, stronger labor demand, and surging investment in research and development.
In the first quarter of 2025, revenue for Russian IT companies rose 15 percent to 2.5 trillion rubles (approx. $29.9 billion), according to monitoring data from the Digital Economy platform.
The sector is increasing its weight in the national economy: tax contributions climbed 13 percent, raising IT’s share of total budget revenue to 4.9 percent. Investment activity grew by 15 percent, while depreciation costs nearly doubled. The industry’s labor market also expanded by 11 percent, now accounting for 3.3 percent of total employment.
The most dramatic increase came from research and development spending, which jumped 136 percent compared to the same period last year. Sergey Plugotarenko, CEO of the Digital Economy organization, said the industry is actively responding to the growing demands of digital transformation across business and government.
Earlier reports noted that digital technologies have also helped boost Moscow’s online retail turnover, which rose nearly 17 percent year-on-year.
