China's software, IT service sector see stable revenue growth

0 Comment(s)Print E-mail Xinhua, April 7, 2019
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The revenue of China's software and information technology (IT) service industry climbed 13.6% year-on-year in the first two months of the year.

The growth accelerated 0.3 percentage points from the same period of last year, according to the Ministry of Industry and Information Technology.

Boosted by strong growth in cloud, big data and e-commerce platform services, sales of IT service surged 16.8% during the January-February period. Software product sales expanded 11.1% year on year, down from a rise of 11.7% during the same period of 2018.

Profits of the software and IT service sector climbed 7% from one year earlier to 103.2 billion yuan (about US$15.4 billion).

Software exports dipped 2.9% from one year earlier to US$7.19 billion. 

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