GENERICO.ruЭкономикаMedia: the developer of the Russian analogue of MS Office has become unprofitable

Media: the developer of the Russian analogue of MS Office has become unprofitable

MOSCOW, April 2. The developer of the MyOffice software package «New Cloud Technologies» received a loss at the end of 2023, RBC reports with reference to the company's financial statements.
«At the end of 2023, the revenue of «New Cloud Technologies» <…&gt ; decreased by 43.8% compared to 2022 and amounted to about 1.9 billion rubles. <…> She received a net loss of 5.2 billion rubles instead of a profit of 386.5 million rubles a year earlier,” the material says .

The publication noted that NOT had negative indicators for several years in a row until it received a net profit in 2022.

Representative The developer explained to RBC that the loss is associated with a general slowdown in the rate of import substitution of office software, a lack of money for the purchase of software packages from government and semi-government clients, and the temporary refusal of a number of foreign office software manufacturers to leave Russia.
The New Cloud Technologies company was founded in 2013. Its developments include the MyOffice office software package, the Mailion email service and the Squadus digital workspace. The main owner of the company is Kaspersky Lab.

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