Nikita Borodanov, an analyst at FG Finam,
Posted: Mon Jan 20, 2025 10:59 am
n May 15, IT infrastructure service provider Selectel presented its financial results for Q1 2024. Revenue for the first three months of 2024 amounted to RUB 2.9 billion, which is 24% higher than the level of the same period in 2023. Net profit reached RUB 0.9 billion, which is 46% higher than the level of Q1 2023. Net profit margin increased to 32%.
believes that the situation with albania whatsapp number database Selectel is unique on the market: "The company continues to show rapid growth in all indicators, while maintaining proportionality in profitability and debt burden. High growth in net profit and revenue compared to the first quarter of the previous year shows the company's continued extremely positive dynamics. It is quite difficult to single out specific examples among competing companies, since most competing companies often do not have such a narrowly specialized focus of business in the field of data centers and cloud services or are much less well known on the market."
The bulk of revenue - about 85% - came from dedicated server rental services (RUB 1.6 billion, a 17% year-on-year increase) and cloud services (RUB 0.9 billion, a 49% increase). At the same time, Selectel noted that PaaS services (platform as a service, rental of ready-made platform solutions), with a small share of revenue, show high growth rates. Thus, the container infrastructure management service (Managed Kubernetes) showed revenue growth of more than 40%, and the service for rapid deployment and administration of databases in the cloud (DBaaS, Database as a Service) - twice as much.
Vladimir Dergachev, Selectel's COO, presenting the company's performance results for the first three months of 2024, named the launch of the "Ready 1C Cloud" service among significant events. According to him, Selectel supported the market demand with this.
Deputy General Director for Product Development and Operation at Selectel Sergey Pimkov also named information security services among promising areas: "In 2024, we will continue to improve existing products and launch new ones - the "Ready-made 1C Cloud" service, expanded the list of available configurations of dedicated servers and improved the functionality of cloud databases. We will also continue to add new information security tools, which customers identify as a key priority when building an IT infrastructure."
The number of Selectel clients exceeded 24 thousand, which is 1400 more than in the same period of 2023. Traditionally, the largest part comes from the IT sector (36%), retail (20%) and media (8%). The largest growth in cloud services consumption in Q1 2024 was shown by companies from the financial sector (1.6 times year-on-year), retail (1.5 times) and development (1.5 times).
As Vladimir Dergachev reported, the number of clients from medium-sized businesses grew at the highest rate - by 25% year-on-year. The growth rate of large clients was noticeably more modest - by 16%, but their revenue increased by 40%, primarily due to the high level of receipts from such users (more than 9 million rubles per month versus 750 thou
believes that the situation with albania whatsapp number database Selectel is unique on the market: "The company continues to show rapid growth in all indicators, while maintaining proportionality in profitability and debt burden. High growth in net profit and revenue compared to the first quarter of the previous year shows the company's continued extremely positive dynamics. It is quite difficult to single out specific examples among competing companies, since most competing companies often do not have such a narrowly specialized focus of business in the field of data centers and cloud services or are much less well known on the market."
The bulk of revenue - about 85% - came from dedicated server rental services (RUB 1.6 billion, a 17% year-on-year increase) and cloud services (RUB 0.9 billion, a 49% increase). At the same time, Selectel noted that PaaS services (platform as a service, rental of ready-made platform solutions), with a small share of revenue, show high growth rates. Thus, the container infrastructure management service (Managed Kubernetes) showed revenue growth of more than 40%, and the service for rapid deployment and administration of databases in the cloud (DBaaS, Database as a Service) - twice as much.
Vladimir Dergachev, Selectel's COO, presenting the company's performance results for the first three months of 2024, named the launch of the "Ready 1C Cloud" service among significant events. According to him, Selectel supported the market demand with this.
Deputy General Director for Product Development and Operation at Selectel Sergey Pimkov also named information security services among promising areas: "In 2024, we will continue to improve existing products and launch new ones - the "Ready-made 1C Cloud" service, expanded the list of available configurations of dedicated servers and improved the functionality of cloud databases. We will also continue to add new information security tools, which customers identify as a key priority when building an IT infrastructure."
The number of Selectel clients exceeded 24 thousand, which is 1400 more than in the same period of 2023. Traditionally, the largest part comes from the IT sector (36%), retail (20%) and media (8%). The largest growth in cloud services consumption in Q1 2024 was shown by companies from the financial sector (1.6 times year-on-year), retail (1.5 times) and development (1.5 times).
As Vladimir Dergachev reported, the number of clients from medium-sized businesses grew at the highest rate - by 25% year-on-year. The growth rate of large clients was noticeably more modest - by 16%, but their revenue increased by 40%, primarily due to the high level of receipts from such users (more than 9 million rubles per month versus 750 thou