Rating details
YouControl analysts have compiled a list of the 20 largest IT companies in Ukraine based on financial performance in 2024. Among them is MODUS X, which demonstrated significant revenue growth, confirming its stable development and effective business model.
Despite challenging economic conditions, MODUS X not only maintained its position but also significantly increased its financial indicators. This highlights the company's high level of expertise, strategic development, and contribution to the resilience of Ukraine’s IT sector.
Roman Kornilyuk, Doctor of Economics and Financial Analyst at YouControl, commented:
"Ukraine’s IT sector faced difficult times in 2024, but no catastrophic decline was observed. It is important that companies managed to maintain their revenue levels and demonstrated resilience to external challenges. Among the top market players, there are both those who have consistently increased their performance and companies that have significantly improved their positions."
Conclusions
These results confirm that despite challenges, Ukrainian IT companies continue to operate effectively, adapt to changes, and support the country’s economy. Through technological solutions, service exports, and a flexible business approach, they remain key economic drivers, creating jobs and attracting investments.
