Moscow, May 24, 2013 — Armada OAO (MICEX-RTS: ARMD) is ranked among Top 20 largest IT companies of Russia (as per the revenue gained) by Expert RA and moved up 4 places in the rating.

According to the results of 2012, the Armada’s revenue equaled to 5.58bn roubles, which is 20% higher than the results of 2011. As per this indicator, the company is far ahead of the Russian IT-market, the growth rates of which amounted to 4%—7% last year, based on the estimations made by different analytical agencies.

In 2012 the main types of Armada’s activities were software development and IT services delivery. Long-term contracts for support of the previously developed IT solutions became a considerably new business area of the company.

«We are planning further development of these very segments, namely software development and IT services, and we firmly believe that this strategy will contribute to the successful development of Armada in the longer term» explained Roman Kruglyakov, General Director of Armada OAO.