Selectel’s revenue in 2022 exceeded 8 billion rubles
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The revenue of the Russian IT infrastructure provider Selectel in 2022 grew by 68% and amounted to 8.1 billion rubles, follows from the financial results of the company under IFRS.
The company’s net profit increased 4.6 times, reaching 1.4 billion rubles. EBITDA increased from 2.3 to 4.1 billion rubles. EBITDA margin increased by 4 p.p. up to 50%. Net profit margin increased by 11 p.p. up to 17%.
According to iKS-Consulting, Selectel ranked third among Russian IaaS providers with a market share of 9.5% – a year ago, the provider ranked fourth.
The main segments that generate revenue for the company are private clouds based on dedicated servers and public clouds. The first showed revenue growth of 64% year-on-year, and the second – 92%.
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