The industry has a chance to end 2023 with the same revenue performance as 2022 if trends continue.
Export of IT services from Ukraine in May increased by 9.5% compared to April and reached $590 million. This was reported by the Lviv IT cluster, based on data from the NBU.
“May was more successful for the export of IT services than the previous month. The indicator grew by 9.5% and reached $590 million,” the report said.
According to the company, at the same time, these numbers were 1.8%, or $11 million less compared to May last year.
Overall, during the five months of this year, the volume of exports of IT services reached $2.8 billion, 12% less than the same period in 2022. The difference between the periods in the dollar terms is $374 million.
According to Stepan Veselevsky, CEO of the Lviv IT Cluster, if the trend continues, the industry has a chance to end 2023 with the same revenue as in 2022, at $7.3 billion.
It was also noted that in May of this year, the share of IT in the structure of all export services reached 41%. In the same period last year – 47.5%.
It was previously reported that since the beginning of the year, global IT companies have laid off more than 200,000 employees.
Recall that in March, the largest US online trading platform Amazon announced that it would cut another 9,000 jobs.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.