IT firm Beeline cloud revenue jumps 85% to 1.3 bln rbl in Jan–Jun

MOSCOW, Aug 17 (PRIME) -- Revenue of Russian IT services provider Beeline cloud rocketed 85% on the year to 1.275 billion rubles in January–June thanks to a wider range of services and a larger presence on the cloud computing market, the company said on Thursday in a statement.

“In the revenue cross-section, the wholesale and retail sectors lead with 22%, the state sector follows with 19.9%, while the finance industry comes next with 13.8%,” the company said.

Earnings before interest, taxes, depreciation, and amortization advanced 137% to 537 million rubles.

Beeline cloud in January–June focused on the products that replace popular foreign services of the suppliers that left the country.

(96.7045 rubles – U.S. $1)

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