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COMPUTERWORLD | Тематично приложение
бр. 16, 2016

26 апр

Bulgarian IT business is shrinking, the fall in the telecom sector continues

2014: still another year in which the cloud and outsourcing services, as well as other activities for foreign customers help the local IT business to survive

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The leaders

The market of information and communication solutions and services decreased slightly with 0.76% on Y-o-Y basis, according to the data of the total revenue of the 105 companies which participate in the ICT ranking for 2014. Most Computers did not submit their financial data, but many other companies entered the ranking – huge system integrators like Information Services, Index Bulgaria, and Stanga, export oriented companies like Questers Bulgaria, big hardware suppliers like Konica Minolta BS Bulgaria and Virtualna zona. Large development centers like SAP Labs Bulgaria and VMware Bulgaria traditionally participate in the list, so are the export-oriented firms CSC Bulgaria, Experian Bulgaria, Stanga, Bulpros Consulting, ProxiAD, TBI Info etc. The largest growth of the business in 2014 was achieved by the new entrants DigiMark Studio (408,4%) and OrangeDot (+257%), followed by Lema Trading (165%), Accedia (145%), Prime Distribution (141%) and Bulpros Consulting (almost 91% ). 70 of 105 participants in the ICT ranking for 2014 reported higher earnings compared to 2013, eight companies have single-digit decline, while another 13 show a turn-down of up to 20-21%.

The average efficiency of the companies in the ranking has increased from 97.8 thousand EUR in 2013 to 113.7 thousand EUR for the participants in 2014, indicating that companies are able to find the needed employees (though less in number) to generate more business. The Top 5 leading companies in efficiency are Polycomp, Solytron Bulgaria, Comparex Bulgaria, Mnemonica and CAD R & D Progress Group, showing that high speeds with less staff can be generated not only in the distribution business.

The total profit in the IT sector is 93 million BGN (82,7 million BGN in 2013 ranking).

In absolute value, HP Global Delivery Bulgaria Center has regained its leading position, getting ahead of Datecs. The top five are Sirma Holding Group, Borica-Bankservice and CSC Bulgaria. The top 10 list of the companies with highest accounting profit has Stone Computers, Kontrax, Interconsult Bulgaria, Solytron Bulgaria and SAP Labs Bulgaria.

The most profitable business (profit to turnover ratio in 2014) stands for the new participant OneBit Software, followed by Andik Electronics, APIS Europe, Sirma Holding Group, Optima Electronic, Interconsult Bulgaria, DigiMark Studio, SLS, NG Computers and AS Systems.

The gross average monthly compensation for the 2014 for the ICT sector reached 2731 BGN (1396 EUR) and represents a big rise compared to 2013 average wage of 2305 BGN (1178.5 EUR), and in 2012 the average IT salary was even more modest - 1517 BGN (775.6 EUR).

The telecom sector

After a few years of sudden 2-digit falls in telecom services turnover, in 2014 the market begun to get back to equilibrium. The annual revenue goes down some 3%. According to the annual financial statements of the three leading telco operators, BTC (Vivacom) reports the smallest drop of its turnover and profit in 2014. Total 806 million BGN has reached the revenue of Vivacom in 2014, which shows a 0.7% turn-down compared to its income in 2013.

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