NEW YORK--(BUSINESS WIRE)--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, 2014,” by VP, Distinguished Analyst, Allie Young, et.al, published by Gartner on April 16, 2015, examined the worldwide IT outsourcing market. Luxoft is listed as 8th, as compared to 25th in 2014, on “Top 25 Fastest-Growing ITO Providers by Annual Growth Rate, 2014 (Millions of Dollars)” and experienced a 50.24% growth from 2013 to 2014.
Further, “Market Share Analysis: IT Services, Worldwide, 2014” by Dean Blackmore, et.al, published by Gartner on April 17, 2015, analyzed the worldwide IT services market. Luxoft is listed 12th on “25 Fastest-Growing Providers' Annual Growth Rate, 2014 (Millions of Dollars),” indicating the Company’s 29.5% growth (measured by calendar year revenue).
Lastly, the report, “Market Share: IT Services, 2014” by Kathryn Hale, et.al, published by Gartner on March 31, 2015, examined the worldwide IT services market. Luxoft’s overall market share position increased by 19, compared to 17 in 2014; 18 positions in Banking and Securities, compared to 14 positions in 2014; and 35 positions in Transportation for 2015.
Luxoft continued to perform within the overall IT services market and specifically within IT outsourcing. “We are proud that Gartner recognized our organization’s growth in these segments and our overall growth, including IT outsourcing, which is our continued development and execution of managed services for our global client base,” said Luxoft CEO and President, Dmitry Loschinin. “The demands that buyers impose on vendors continue to evolve within the U.S. and European marketplace. We conclude from these numbers that the combination of domain expertise coupled with high quality execution of IT engineering is becoming the new standard for our industry.”
Luxoft Holding, Inc (NYSE:LXFT) is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxoft’s software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxoft’s solutions are based on its proprietary products and platforms that directly impact its clients’ business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 24 dedicated delivery centers worldwide. It has over 9,000 employees across 27 offices in 15 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com.
Luxoft Holding, Inc
Alina V. Plaia, 212-964-9900 ext. 2404
Vice-President, Global Communications
Patrick R. Corcoran, 212-964-9900 ext. 2453
Manager, Public Relations