The Astra Group plans to begin expansion into the international market in 2025
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The Astra Group plans to begin expansion into foreign markets in 2025, said the company’s CEO Ilya Sivtsev. Now, according to Mr. Sivtsev, Astra is focused on creating products for the Russian IT market.
“Already in the medium term, we see an opportunity for ourselves to develop international markets. International experience will allow us to work on the development of our products. We believe that 2025 will be the beginning of our international expansion,” said Mr. Sivtsev during the “Investor Day” (quote from TASS).
Currently, as Ilya Sivtsev noted, Astra is focusing on creating “mature” products for the Russian market. “There are a huge number of technical and technological problems that we solve. We believe that if we now run away to all new countries, we can be washed away in terms of the speed of development and the quality of the solutions that we issue,” he explained.
The Astra Group is a large Russian developer of OS and infrastructure software for import substitution of Microsoft, IBM, and Citrix products. The group’s revenue in 2023 increased by 77%, to 9.5 billion rubles, net profit – by 18%, to 3.6 billion rubles. Now Astra is also represented on the Belarusian market through subsidiaries.
Read more about the group’s business in Kommersant’s material. “Astra” in low clouds”.
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