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29 Nov 2018, Natalia Mihailova, EMIS Editor

Romania’s software industry will exceed EUR5.4B in turnover in 2018

With over 17,000 software companies operating in Romania it is estimated that the market will top EUR5.4B in 2018, Ziarul Financiar reported, referring to a report by KeysFin.

In 2017 the local software industry had over 106,000 employees. Compared with 2007, the local software industry's turnover grew 150% and compared with 2016, it grew 5.4%. In 2018 the total turnover of software companies in Romania is set to grow 10.2%.

Leaders on the local market in terms of the biggest turnovers in 2017 were Oracle Romania, IBM Romania and Ericsson Romania, while the most profitable player was SAP Romania (ranked 8th by turnover), followed by IBM Romania, Atos, Logic IT and Misys. The five most profitable companies generated 11% of the industry's profit, Ziarul Financiar added.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: ZF - Ziarul Financiar in English