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NKK Rated Highest Earning IT Company in Russia Last Year

More than two-thirds of Russia's 60 largest information technology companies are based in Moscow, according to the RIA Ratings agency.

St. Petersburg has the second highest number of top Russian IT companies, with four, whereas Yekaterinburg and Perm both have three, the agency said in its report, published Wednesday.

While most Russian IT companies managed to increase their income in 2013, the industry's overall revenue stayed at the same level as in previous years.

Based on data provided by the companies themselves, the ratings agency found that NKK was by far the largest Russian IT company, pulling in a revenue of 139.3 billion rubles ($4 billion), the report said.

In second place was, LANIT, which is one of Russia's biggest system integrators and a partner with more than 200 international software vendors. It posted revenues of 77.1 billion rubles ($2.2 billion).

TechnoServe — the third largest — took in 40.2 billion rubles ($1.1 billion), which was almost 3 billion rubles ($87 million) less than their 2012 revenue.

Last year, the total income for the Russian IT industry's top 60 companies reached 685.6 billion rubles ($20 billion), an increase of just under 3 percent compared to 2012. Despite the overall growth experienced by the industry's strongest performers, revenues for the top 10 companies actually went down 1.4 percent.

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