Press FAQ
Luxoft's revenues Compound Annual Growth Rate (CAGR) since its inception in 2000 has been over 60%, representing the company's dynamic growth and its ability to retain existing client base while bringing in new customers.
Year Revenue (U.S.)$M 2001 6 2002 8 2003 14 2004 25 2005 45 2006 64 2007 106 2008 128 To meet the demand of our current client projects, Luxoft currently employs about 3,000 engineers globally. The quality of our employees is ensured by Luxoft's internal recruitment team and external professional recruitment agencies. We use various recruitment tools such as referral programs, student internships, retraining programs, direct employee search, and event recruitment to draw the most qualified candidates for work at Luxoft.
Year No. Of Employees 2000 100 2001 200 2002 300 2003 600 2004 1000 2005 1200 2006 2300 2007 2800 2007 about 3000 2008 3000+ Luxoft's growth is achieved through acquiring new customers and retaining existing clients.We believe in long-term partnerships with our clients, and our relationships with the majority of customers span the company's entire existence starting in 2000. We enjoy excellent customer loyalty and strive to grow and maintain our level of performance.
Our current customer retention rate exceeds 90%, a significant rate considering industry standards. Luxoft has earned the status of preferred supplier with clients such as Boeing, IBM, DELL, and many others.
In addition to annual customer satisfaction reviews, Luxoft actively seeks our customer feedback, gathering their professional advice on company's strategic development and plans. Luxoft's annual Customer Advisory Board meetings serve as a main tool for such communication between the company and its growing customer base.
Year No. Of Clients 2001 5 2002 12 2003 20 2004 25 2005 28 2006 37 2007 45 2008 65 Luxoft's approach is based on three key components that work harmoniously to make any engagement successful.
Luxoft's proprietary Client Engagement Framework - a flexible roadmap to successful outsourcing engagements customized for each client. Using Luxoft's proven engagement framework, we work with our clients to achieve a smooth outsourcing experience, to highlight any hidden costs, and to mitigate common risks. Luxoft's engagement framework is flexible enough to meet each client's individual needs, yet firm enough to create repeatable patterns of success.
Broad line of application services and dedicated development centers - We offer full line of outsourcing services, which consists of Software Development services (Application software development and maintenance, software architecture services, performance engineering, software quality assurance, IT infrastructure management), Product Engineering (Product Engineering, Embedded Systems Development) and Consutling (IT Strategy Consulting, Software Process Consulting, Data Security Consulting).
Luxoft dedicated development centers are customized client-centric "Command and Control" production platforms to deliver our IT services. These centers are aligned with our client's infrastructure, development processes, project management, and resource control management to successfully carry out day-to-day operations.
Luxoft's offering is delivered on the firm foundation of its technology talent pool supported by shared services and Centers of Excellence. The customers enjoy Luxoft's integrated shared services such as the Knowledge Base, Quality Center, Office of the CTO, IT Support, Operations, HR and Training.
Luxoft’s core value proposition is to help clients succeed in the marketplace by applying technology, services and engineering excellence to complex problems and critical business issues, rather than just to cut IT costs by applying cheaper labor.
Clients continue to engage Luxoft based on the following differentiators:
- Engineering Excellence: Luxoft's success and growth have been first and foremost due to the company's strong engineering DNA, and the ability to build powerful, flexible and future-ready solutions for its clients.
- Deep industry expertise: Luxoft specializes in addressing the most complex and critical technology-related challenges for such industries as Banking & Finance, Telecom, Aerospace, Automotive, and others.
- Partner mindset: Luxoft builds lasting partnerships with its clients by integrating closely with the client's organizations and achieving alignment with the clients' business objectives.