Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Russia Boosts Funding for Creative Sector Through New Financial Instruments

    September 9, 2026

    Aurelius and Lower Saxony Acquire Volkswagen Osnabrueck Plant to Focus on Defense Production

    September 9, 2026

    EU Returns Supported by Frontex Surpass 33,000 in 2026

    September 8, 2026
    Trending
    • Russia Boosts Funding for Creative Sector Through New Financial Instruments
    • Aurelius and Lower Saxony Acquire Volkswagen Osnabrueck Plant to Focus on Defense Production
    • EU Returns Supported by Frontex Surpass 33,000 in 2026
    • Italy Experiences Hottest Summer Since 1950 in 2026
    • FAO Projects Cereal Harvest to Decline from Record Levels in 2026
    • EU Sees Obesity Rate Rise to 16.3%, Over Half Are Overweight
    • Russia Achieves $58.8 Billion in Non-Resource Industrial Exports in First Half of 2026
    • Brazil Issues Threat of Retaliatory Actions in Response to EU Meat Ban
    • Home
    • Contact Us
    Buckingham DailyBuckingham Daily
    Thursday, September 10
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Buckingham DailyBuckingham Daily
    Home » Russian IT sector revenue reaches $38.94 billion in Q1
    Business

    Russian IT sector revenue reaches $38.94 billion in Q1

    June 8, 2026
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    MOSCOW, RUSSIA / EuroWire / — Russia’s information technology sector recorded 2.8654 trillion rubles in revenue from goods and services in the first quarter of 2026, equal to about $38.94 billion. The figure marked an 8 percent increase from the same period in 2025. ANO Digital Economy released the quarterly monitoring results on June 6. The data covered accredited Russian IT companies listed in the official register for information technology activity.

    Stylized microchip on a motherboard, with a Russian flag design.
    Accredited Russian IT companies reported rising sales and jobs in Q1 2026.

    The report showed growth across core measures of the Russian IT sector. Gross value added reached 1.9565 trillion rubles in the January to March period. That was 4 percent higher than a year earlier. Revenue from companies’ own goods, work and services rose at a faster pace. It totaled 2.2688 trillion rubles, up 21 percent from the first quarter of 2025.

    The share of own products and services also increased. It reached 79.2 percent of total IT sector revenue in the first quarter. The level stood at 70.5 percent in the same period last year. The change showed a larger role for domestic development and services in the sector’s revenue mix. The monitoring covers companies accredited by the Russian Digital Development Ministry.

    Own products lift sector revenue

    Fiscal indicators also increased during the quarter. Taxes and insurance contributions paid by IT sector organizations reached 619.1 billion rubles. That was 17 percent above the first quarter of 2025. The pace exceeded the 11 percent growth recorded for organizations overall. IT companies also increased their share of tax receipts measured without fees and excise taxes.

    The sector’s share of that tax base rose to 5.2 percent in the first quarter. It was 5.0 percent a year earlier. Employment also expanded in the Russian IT sector. The number of workers reached 1.8654 million people, a 16 percent increase from the first quarter of 2025. The sector accounted for 3.8 percent of total employment during the period.

    Employment and research spending rise

    The monitoring also tracked spending on research and development. IT companies reported 282.0 million rubles in such expenses in the first quarter. That was 10 percent higher than a year earlier. The increase followed a decline of 33 percent in the fourth quarter of 2025. The first quarter data placed research and development spending back in positive annual territory.

    ANO Digital Economy said the monitoring uses a method based on the register of accredited IT companies. That approach defines the sector by official accreditation status. The report forms part of quarterly tracking of key Russian IT industry indicators. The latest figures show higher revenue, employment, tax payments, value added and own product sales in the first three months of 2026.

    Related Posts

    Russia Boosts Funding for Creative Sector Through New Financial Instruments

    September 9, 2026

    Aurelius and Lower Saxony Acquire Volkswagen Osnabrueck Plant to Focus on Defense Production

    September 9, 2026

    Russia Achieves $58.8 Billion in Non-Resource Industrial Exports in First Half of 2026

    September 5, 2026

    Brazil Issues Threat of Retaliatory Actions in Response to EU Meat Ban

    September 5, 2026

    Euro area inflation climbs to 3.3% in August driven by energy prices

    September 3, 2026

    Wall Street falls as Dow drops 380 points Fed rate hike looms

    September 2, 2026

    Latest News

    Russia Boosts Funding for Creative Sector Through New Financial Instruments

    September 9, 2026

    Aurelius and Lower Saxony Acquire Volkswagen Osnabrueck Plant to Focus on Defense Production

    September 9, 2026

    EU Returns Supported by Frontex Surpass 33,000 in 2026

    September 8, 2026

    Italy Experiences Hottest Summer Since 1950 in 2026

    September 8, 2026

    FAO Projects Cereal Harvest to Decline from Record Levels in 2026

    September 7, 2026

    EU Sees Obesity Rate Rise to 16.3%, Over Half Are Overweight

    September 7, 2026

    Russia Achieves $58.8 Billion in Non-Resource Industrial Exports in First Half of 2026

    September 5, 2026

    Brazil Issues Threat of Retaliatory Actions in Response to EU Meat Ban

    September 5, 2026
    © 2024 Buckingham Daily | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.