Main article: Red Soft
2024: Revenue growth of 82.7% to ₽3,79 billion
The revenue of the Russian software developer "Red Software" in 2024 increased by 82.7% and reached ₽3,79 billion. In 2023, the same figure was ₽2,08 billion. This is evidenced by the audited statements of the company, published on March 26, 2025.
According to the press service of Red Soft, the company's net profit for the reporting period increased by 265.47% and amounted to ₽797,21 million against ₽218,13 million a year earlier in 2023. Net profit margins doubled, from 10.51% to 21.03%.
The main driver of the company's growth was a balanced portfolio of products in the field of infrastructure software. The volume of sales of licenses of the Red OS operating system increased by 85.24% and amounted to ₽1,87 billion. The most dynamic development was demonstrated by the Red Adm centralized IT infrastructure management system, which showed an increase of 14.19 times to ₽268,70 million, and the Red Virtualization server and workstation virtualization management system, which increased 2.44 times to ₽603,46 million.
The total revenue of the infrastructure software segment, including technical support services, amounted to ₽3,21 billion, which is twice the figure for 2023 (+ 101.90%). This direction occupies 84.97% in the structure of the company's total revenues. The revenue growth rate of Red Soft exceeded the average for the infrastructure software market, which, according to the forecast of the consulting company Strategy Partners, was estimated at 49.06%.
Projects in the field of integrated digitalization of public administration and the provision of public services also showed positive dynamics. Revenue in this area increased by 18.83% and for the first time crossed the threshold of ₽500 million.
Earnings before taxes, interest, depreciation and amortisation () EBITDA totaled ₽991,44 million, posting an increase of 161.16% from 2023. EBITDA margin increased to 26.15% from 18.30% a year earlier in 2023.
2023
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The Red company Software took 7th place in the ranking of the largest developers DBMS in, Russia prepared TAdviser in October 2024 on the basis of companies' revenue from the implementation/delivery of their own DBMS in 2023. More. here
6th place in the TAdviser ranking "The largest developers of server virtualization platforms"
The Red company Software took 6th place in the ranking of the largest platform developers, virtualizations servers prepared TAdviser in July 2024 based on the revenue of companies from projects to implement/supply their own solutions in 2023. More. here
Revenue growth by 60% to 2.1 billion rubles
Red Soft's revenue in 2023 amounted to about 2.1 billion rubles, an increase of 60%. According to the database of legal entities "Kontur. Focus," for the reporting period the company received a net profit of 218.1 million rubles. According to the audit report published in the FTS database , 78% of revenue was received from the sale of software licenses and its technical support, and 22% from the sale of services for development, refinement, technical support, IT consulting, etc.
The main focus of customer requests is on the underlying software that interacts with the hardware infrastructure. According to Red Software, the volume of revenue from sales of the Red OS operating system overcame 1.08 billion rubles, an increase of 85.24% compared to the previous year[1].
Revenue from the sales of the server and workstation virtualization management system (Red Virtualization) showed even more significant dynamics: 2.5 times growth - up to 249.70 million rubles.
Projects in the field of digitalization, in particular, the development and maintenance of information systems, demonstrated, on the contrary, a decrease in revenue by 3.03%.
In 2023, the company focused on developing its product portfolio. So, in October 2023, she released the mobile OS Red OS M"," the first Russian OS based on Android Open Source Project. In early March, at a press conference "Russoft" , the deputy general director of Red Soft Rustam Rustamov noted that it found a great response to the market in the form of tests and pilot projects.
The company also continues to develop its product for managing IT infrastructure Red ADM. According to Red Software, there are still many customers in the infrastructure, Microsoft so it was important to make a solution that allows you to work in a single heterogeneous environment with Microsoft services and smoothly switch to domestic services. From the system software also develops. DBMS "Red Database"
In February 2024, Red Software released a new version of its flagship product Red OS - a major update in which one of the key changes is a more friendly user interface based on the collected feedback from customers and partners.
Red Software also continues to develop a partner ecosystem: at the beginning of March, the company has more than 600 software development partners, more than 100 hardware development partners and more than 3 thousand compatible solutions. And these indicators are growing.
In 2024, Red Software continues to work on expanding the product line, developing integration and increasing compatibility with solutions from other Russian software and hardware manufacturers. The focus of increased attention also remains the strengthening of personnel.
 | Red Software faces great challenges that require the company to increase investment. Investments for IT companies are primarily investments in the development of personnel. This is necessary to improve the quality and speed of development of the software created by the company, as well as to expand the product line. We continue to improve the product line, making it even more user-friendly. Experience suggests that the efforts made should be transformed into stable revenue growth in the medium and long term, - quotes Red Soft CEO Maxim Anisimov. |  |
2022: Revenue growth more than 2 times to RUB 1.29 bn
Russian software developer "Red Soft" March 29, 2023 shared with TAdviser audited financial results for 2022 in accordance with the Russian Accounting Standard (RAS). At the end of 2022, the company's revenue increased more than 2 times (by 122.30%) and amounted to 1.29 billion rubles. In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 196th place (96th line of the list of applicants for inclusion in the number of the largest IT companies in Russia).
Profit before deduction, taxes interest, depreciation and amortisation (indicator) EBITDA increased by 59.42% to 285.07 million rubles. At the same time, the value of EBITDA margin remained double-digit, amounting to 22.04%.
The indicators characterizing the financial stability of Red Soft have also improved - for example, according to the results of the reporting period, the debt/EBITDA decreased to 1.18, the interest coverage ratio (ICR) reached 5.30 (the ICR rate indicator - from 2.5).
The company's system software sales grew 4.61 times in 2022 from the previous year. Among the products popular with customers are, operating system Red OS DBMS "," "" and Ed. DatabaseRed Virtualization others. According to the general director of Red Soft, Maxim Anisimov after in 2022 organizations of various levels faced the withdrawal of Western IT giants from the market and the blocking of their products, Red OS observes a high demand for the company's products in all industries, economies mainly in,,,. ENERGY INDUSTRY industries to medicine education
Profit from the implementation of projects in the field of digitalization, in particular, on the development and maintenance of information systems, also showed an increase of a quarter.
| | "Despite the previously existing hegemony of foreign companies, Red Soft has been working for many years to improve and increase the functionality of its software, including under market requests. The technological maturity of our products allows us to successfully cope with the tasks set and replace foreign analogues in government bodies, in large corporations with state participation and at other enterprises, "added Maxim Anisimov. | |
In 2023, Red Software intends to continue the development of its own software in order to fully replace products and Microsoft Oracle other foreign IT companies in. of the Russian Federation In addition, the company plans to pay increased attention to strengthening the workforce of IT specialists in demand on the market to improve the functionality of existing products, as well as the development of new software. So, in March 2023, Red Soft has already announced the release of a system for centralized management. IT infrastructure RED ADM
| | "Last year, the Red Software company actively invested in personnel, increased personnel, in connection with which we expect to strengthen the quality of the developed software and expand the product line. This is necessary both to solve the tasks set to achieve the technological sovereignty of the country as a whole, and to meet the demand from customers. All investments should be transformed into an increase in revenue in 2023 and an improvement in our financial indicators, "concluded Maxim Anisimov. | |
2021: Revenue - 582 million rubles
At the end of 2021, Red Soft's revenue amounted to 582 million rubles.
2019: Revenue growth by 89% to almost 288 million rubles
Red Soft's revenue in 2019 increased by 89%, to almost 288 million rubles, follows from the company's annual report published in March 2020. Net profit, which was greatly reduced in 2018, increased 126.67 times over the year - from 549 thousand rubles to 69.5 million rubles.
| | Net profit after the failure in 2018 shows a positive upward trend, which is due to a number of factors. Firstly, the improvement in this indicator was due to an increase in revenue from the sale of licenses and the provision of services in the field of IT, - said in the annual report of Red Soft. | |
Secondly, the fact of concluding a partnership with the Skolkovo Foundation had a positive impact, one of the results of which for the company was tax incentives for the payment of corporate income tax and value added tax.
| | Investments made in 2017-2019 in the development of commercial software products, namely the RED OS operating system, the Red Database database management system, made it possible to significantly increase revenue and expand the client base, the company writes in its annual report. | |
At the same time, it follows from the report that the vast majority of revenue - 245.38 million rubles - fell on the provision of services in the field of information technology. The company earned 42.5 million rubles from license sales.
Investments in the development of solutions using artificial intelligence (AI) technologies have not yet brought significant profits, the company says in its annual report. In this area, the company created two products: the Gembaface software package, Gembatracker (facial recognition system), as well as a service for assigning codes of the type of permitted use to real estate objects. Red Soft will continue to search for areas of their application.
According to the database "Kontur. Focus," among the largest state contracts "Red Soft" concluded in 2019 - an agreement for services for the maintenance and development of the system of interdepartmental interaction of the Federal Service for Supervision of Transport (Rostransnadzor), work on the development of a single AIS of the same department, services for finalizing and ensuring the functioning of the information system of the Federal Communications Agency.
Amid the rise in revenue and profit figures, the company set about limiting growth in its administrative costs, the report said. Red Soft will continue to optimize the functions and tasks of employees, despite the increase in the number of personnel, as well as increase the efficiency expressed in minimizing the cost of attracting new customers per customer. This is supposed to be implemented by expanding the network of distributors and partners.
According to the company's management, at the end of 2019, it reached "the optimal capital structure, where about 60% are own funds, and borrowed financing falls on the remaining 40%."
The total volume of public debt obligations of Red Soft amounted to 200 million rubles. It is comfortable for the company and the growth of borrowing volumes is not expected until the moment of a significant increase in revenue volumes, the annual report says.
2018: Red Soft grows 32% and prepares for full-scale replacement of Microsoft and Oracle in Russia
The revenue of Red Soft at the end of 2018 amounted to 151.96 million rubles, an increase of 32%, follows from the company's annual report. At the same time, net profit decreased by about 12 times - from 6.775 million rubles to 549 thousand rubles.
The company received the vast majority of the turnover from the provision of services, and a small part of it fell on the sale of software licenses - 4.555 million rubles.
The annual report of Red Soft notes that in 2018 there was a positive trend in sales of licenses for two flagship software products: the Red OS operating system and the Red Database DBMS. The company also conducted a number of pilot projects of the facial recognition system based on neural networks, the development of which was focused a year earlier. According to their results, as a result of improvements, a product ready for scaling was formed.
The decline in net profit in the company is associated with several factors. Firstly, this was due to an increase in related and non-binding expenses, including commissions regarding bank guarantees and services for organizing and servicing the issue of securities. In 2018, Red Soft issued exchange-traded bonds with a total face value of 100 million rubles.
The negative dynamics of profit is also associated with the costs of paying interest on issue securities and an increase in interest costs on attracted funds and the payment of fines and penalties for improper execution of government contracts. Another factor in the imbalance between tax and accounting, formed by revaluation of intangible assets, which had an impact on income tax growth.
In the annual report, Red Soft calls the strengthening of competition in the software developer market, as well as the low level of implementation of regulatory legal acts on the transition of government agencies to domestic software, factors that negatively affect the key indicators of the company's activities.
The company plans to finalize all existing components of its information and technical complex (Red OS, Red Baza Dannykh DBMS, Red Document Management Platform products) " in order to fully replace Oracle and Microsoft products in the Russian Federation."
Red Software also plans to increase its competitiveness through the practical use of certain elements of the facial recognition system it has developed in its existing products.
The largest state contract in 2018 for Red Soft was an agreement for the revision, implementation and maintenance of AIS subsystems of the Federal Bailiff Service for 2019. Its volume amounted to 132.1 million rubles. FSSP was the largest state customer of the company a year earlier. In total, during its history, Red Soft has created more than 30 state information systems, follows from the report.
The annual report also notes that during its existence, the company did not attract bank loans. The main sources of attracting borrowed capital were funds received by Red Soft under monetary loan agreements from affiliates.
Notes
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