OREANDA-NEWS. According to the published audited financial statements under IFRS, Armada's revenue in 2013 amounted to 5,046 million rubles. Based on the results of 2013, Armada has been ranked among Top 20 largest IT companies in Russia (by Expert RA), retaining the same position in the rating it had for 2012. The aggregate revenue of the companies included in Top 20 rating showed negative growth dynamics, considering Rosstat's data on inflation for 2013.

Armada specializes in software development (both custom developed and packaged) and provision of IT services (system integration, project management end other). The total number of Armada's customers in 2013 exceeded 1,200. Among them: the Moscow Government, the Ministry of Internal Affairs of the Russian Federation, the Federal Treasury, the Moscow Metro, the Ministry of Culture of the Russian Federation, the Ministry of Education and Science of the Russian Federation, the Ministry of Communications and Mass Media of the Russian Federation, Sberbank, Vnesheconombank, Gazprombank, Raiffeisen Bank, Russian Agricultural Bank, Home Credit and Finance Bank, Rosbank, MTS Bank, Central Bank of Russia, MICEX, RusHydro, Zarubezhneft, Gazprom Neft, Bashneft, Russian Helicopters, Caterpillar, Volkswagen Group Rus, MegaFon, VimpelCom, MGTS, Auchan, Eldorado, X5 Retail Group and other organizations. The major customer in 2013 accounted for 8% of the consolidated revenue, while top 5 customers in general accounted for 28%.

"Despite the difficult situation in the economy and a significant reduction of investments in 2013, Armada maintains the leading positions in the market. Following the events in Ukraine, Russian authorities plan a number of large-scale projects in the field of national security and the use of predominantly Russian software products, that shall have a positive impact on Armada's business in 2014," said Alexey Kuzovkin, Chairman of the Board of Directors of Armada ÎÀÎ.