During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad. IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the ... #BusinessRelocation #EPAM #GridDynamicsGroup #N-IX #Poland #UkrainianITcompany
Half of Ukraine’s largest IT companies have reduced revenues due to the war and the need to relocate. In 2023, 15 of the 30 largest IT companies in Ukraine recorded a decrease in revenue compared to 2022. This is due to the redistribution of business between legal entities of the same group, relocatio... #EPAM #GlobalLogic #Luxoft #Monobank #Playtika #UkrainianITcompany
Analysts and market participants provide a forecast for the development of Ukraine’s IT sector in 2024. Last year, for the first time in history, the Ukrainian IT industry has experienced a reduction in the volume of its service exports, to $6.7B, which is 8.5% or $622M less than the figure for 2022. Am... #EPAM #ITservices #KharkivITcluster #UkraineITexport #UkrainianITcompany
An American investment company became a new shareholder of the largest IT company in Ukraine. AllianceBernstein acquired 6.1% of EPAM Systems’ shares, according to data from the website of the US Securities and Exchange Commission. Based on quotes for EPAM Systems, the market value of th... #AllianceBernstein #EPAM #UkrainianITcompany
Leading Ukrainian IT companies are losing specialists. The number of specialists in Ukraine’s 50 largest IT companies decreased by 6,100, or (6.6%), in half a year, reported DOU. So, as of July, there are 86,300 total specialists in the top 50, comp... #DataArt #EPAM #ITspecialists #UkrainianITcompany
IT firm EPAM, has opened an office in Kherson. The new office will have up to 40 employees, and the company will co-operate with local universities including the Kherson State University and Kherson National Technical University on educational pro... #EPAM #EPAMoutsorcing #EPAMukraine
“IT industry can grow by 30-60% per year” , announced Valery Kraskovsky, the CEO and Co-founder of Sigma Software. Over the past 15 years, the Ukrainian IT industry has grown 115 times. Its turnover now exceeds $ 6 billion. About half of the ... #EPAM #GlobalLogic #ITgrowthinUkraine #ITsectorinUkraine #ITukraine #NiX
IT is the road to Ukraine’s brighter future. This is the theme of the EBA IT Conference which will be held on October 11, 2021. It will provide participants the opportunity to hear presentations by industry leaders in the IT sector, CEOs of lead... #EBAconference #EPAM #ITConference #ITukraine #NiX #SoftServe
