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Luxoft Romania ups turnover figure 56%, has energy, utilities and aviation in mind

Luxoft Romania, a provider of software development services and IT solutions to global customers, last year recorded a turnover of 222.3 million lei, up 56% compared to previous year.

2016-07-07 14:53:37 - by Bogdan Tudorache

Over 40% of the company's revenues were generated by projects in telecom, a business segment traditionally developed by Luxoft Romania. The remaining revenues come from working with clients in the financial and automotive areas, where Luxoft has an extensive experience.

"Projects of Luxoft Romania recorded a sustained growth in 2015, which meant a strengthening of our position in the local market of IT services. We have clear plans for the current year in the areas of energy, utilities and aviation, and are convinced that things will evolve positively, "said Bogdan Pelinescu, managing director of Luxoft Romania.

In 2015, about 94% of the business was driven by the European market and the rest of the US. In Europe, Luxoft serves customers in the automotive and financial industries and telecom customers in the US come. Division telecom business line was the biggest impact in 2015 at Luxoft delivery center in Romania. However, last year marked the expansion of the customer portfolio with new companies in the sector overall.

Last year, Luxoft has increased the number of employees by 40% compared to 2014 when hired 500 IT specialists. Currently, the company exceeded the threshold of 1,700 employees and the recruitment process will continue in 2016. On average, Luxoft has about 100 open positions at all times, be it new projects or ongoing projects.

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