Luxoft Recognized in Gartner Reports

Luxoft Holding, Inc (NYSE:LXFT US), a leading provider of software development services and innovative IT solutions to a global client base, today announced that it has been recognized by Gartner Inc., the world's leading IT research and advisory company in its market share analysis reporting.

 

The report, "Market Share Analysis: IT Outsourcing Services, Worldwide, 2013," by Bryan Britz, et.al, published by Gartner on May 16, 2014, examined the worldwide IT outsourcing market. Luxoft was one of ten providers on "Top 25 Fastest-Growing ITO Providers by Annual Growth Rate, 2013 (Millions of Dollars)" to earn market share and one of two to experience a 25.7% growth from 2012 to 2013.

 

Further, "Market Share Analysis: Software Support Services, Worldwide, 2013" by Bob Igou, published by Gartner on April 29, 2014, examined the top 10 providers as measured by market share, but also cited five "Notable Vendors" in the section high growth analysis – Luxoft being one of those five. In terms of market share, Luxoft and gained a five position increase from 2012 to 2013.

 

Lastly, the report, "Market Share Analysis: IT Services, Worldwide, 2013" by Dean Blackmore, et.al, published by Gartner on May 6, 2014, examined the worldwide IT services market. Luxoft is listed 12th on "25 Fastest-Growing Providers' Annual Growth Rate, 2012-2013 (Millions of Dollars)," indicating our 25.6% growth (measured by calendar year revenue).

 

Luxoft is very encouraged by our growth of market share in software support services and IT outsourcing. "We are proud that Gartner recognized our organization's growth in these segments and our overall growth, including IT outsourcing which is execution of managed services." said Luxoft CEO and President Dmitry Loschinin. "We believe our continued growth in the U.S. and European markets is a result of our diversified, global delivery structure which spans three continents, Asia, Europe, and North America, allowing us to serve and build our global client base".