Prime Investment: Exigen Services – best IT company in Baltics
Latvia-based information technologies (IT) company Exigen Services was acknowledged as the best Baltic IT company in terms of overall revenue and IT services-related revenue; Estonia's Webmedia Group ranked second in the biannual report of Prime Investment, one of the leading investment banking companies in the Baltics.
Exigen revenues totaled EUR 9.882 million in the first half of this year, which though is 22.8% less as compared to the corresponding period of the previous year.
Exigen maintained its top position from the previous report, notwithstanding the decrease in revenues mainly due to the contraction of public sector projects, which account for significant part of the company's income.
The company remains cautiously optimistic regarding future outlook because of new large-scale projects started in North America.
However, as pointed out by Exigen Services General Manager Baltics Guntis Urtans: "The situation in Latvian and Lithuanian IT markets, including public procurement, will still have significant impact on our positions".
