EE: Estonian ICT sector profit at EUR 43.6mn in Q1.

By bne IntelliNews June 19, 2012
Estonian aggregated Information and Communications Technologies (ICT) sector net profit stood at EUR 43.6mn in Q1, down from EUR 93mn a year ago. In Q1 there were total of 2,797 companies operating in the ICT sector. In Q1 ICT sector accounted for 7.5% of total business sales revenues in the country, down by 0.7pp y/y. In Q1 total sales revenues of the ICT sector stood at EUR 790.7bn. In Q1 total number of employees in the ICT sector amounted to 19,530 people, up from 17,287 people a year ago. Labour costs in ICT sector stood at EUR 96.6mn, up by 19.3% y/y.

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