Ukraine’s IT sector going great guns

Stefan Mileschin · 20th May 2022, 08:15

Still coding when half your team have to dodge artillery and shoot Russians

Ukraine’s IT sector did better than last year despite Russia’s invasion of the country.

Ukraine’s export-oriented IT industry provided a record two billion US dollars of revenue for the first quarter of 2022, according to the National Bank of Ukraine (NBU).

The figure is 28 per cent higher than for the same period of 2021 (1.44 billion US dollars), despite the Russian invasion of the country, martial law, mobilisation, and the forced relocation of businesses and teams.

Growth of the sector was particularly strong in February, reaching its highest ever level of exports – 839 million US dollars, 43 per cent higher than February 2021 (480 million US dollars).

March meanwhile, while seeing a slight fall in computer services exports (522 million US dollars compared with 546 million US dollars in 2021), was evidence that the Ukrainian IT sector has shown incredible resilience, primarily as a result of its ability to quickly adapt to the realities of war.

https://fudzilla.com/news/54871-ukra...ing-great-guns

20th May 2022, 08:15	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Ukraine’s IT sector going great guns Still coding when half your team have to dodge artillery and shoot Russians Ukraine’s IT sector did better than last year despite Russia’s invasion of the country. Ukraine’s export-oriented IT industry provided a record two billion US dollars of revenue for the first quarter of 2022, according to the National Bank of Ukraine (NBU). The figure is 28 per cent higher than for the same period of 2021 (1.44 billion US dollars), despite the Russian invasion of the country, martial law, mobilisation, and the forced relocation of businesses and teams. Growth of the sector was particularly strong in February, reaching its highest ever level of exports – 839 million US dollars, 43 per cent higher than February 2021 (480 million US dollars). March meanwhile, while seeing a slight fall in computer services exports (522 million US dollars compared with 546 million US dollars in 2021), was evidence that the Ukrainian IT sector has shown incredible resilience, primarily as a result of its ability to quickly adapt to the realities of war. https://fudzilla.com/news/54871-ukra...ing-great-guns

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