"CRN", No. 5 (178) March 27, 2003.

RBC Information Systems has summarized preliminary results for 2002. According to German Kaplun, RBC's Chairman of the Board of Directors and President, the results have surpassed plans with a total sales volume rising by 62 percent to $27.52m in 2002 compared to 2001 and net income gaining 51 percent to $9.5m.

RBC's revenues from IT rose at a faster rate than revenues from media services. The company's IT revenues increased 82 percent last year and amounted to $12.97m while earnings from advertising and information services gained 48 percent reaching $14.55m. The company has increased the range of its own IT solutions and introduced new software products of its partners on the market, such as Microsoft, Saba, Sowtware and Documentum.

RBC's revenues from offshore software engineering jumped 93 percent to $3m. Orders for software were coming from the USA, Great Britain and Australia as well as from the CIS states, i.e. Kazakhstan, Georgia and Ukraine. Revenues from system integration services went up 21 percent to $2m.

Internet advertising remains one of the main sources of revenues for RBC. According to the company's managers, the monthly audience of RBC web sites reached 3 million people at the end of the previous year, which enabled the company to increase revenues from advertising without raising prices. These revenues increased 31 percent to $7.65m in 2002. According to estimates of the company's experts, its share in the Russian Internet advertising market reached almost 50 percent and the share in advertising for the business audience rose to 90 percent.

One of the most important events of 2002 was the IPO conducted by the company on the MICEX and RTS exchanges. It floated 16 percent of the share capital and attracted $13.28m.