The largest IT-companies began to report on income for 2014

Companies operating in the Russian Federation and reporting to the tax under Russian Accounting Standards (Russian Accounting Standards) have reported income for the past year.



Yesterday, the two largest domestic social networks: Vkontakte and Odnoklassniki talked about record revenues and net profit. At the same time, Odnoklassniki, whose audience is a third less, increased the gap from VKontakte in terms of financial indicators: OK’s revenues in 2014 increased by 23.5% to 16.3 billion rubles, while VK’s revenue increased 6.2% to 6.2 billion rubles.



The net profit of Odnoklassniki according to RAS for the past year increased by 27% and reached 9.2 billion rubles, while VKontakte increased its net profit 15 times to 709 million rubles (in 2013 it was 46 million rubles) .



Also, two largest search engines reported on earnings: Yandex and Google.

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Google's revenue in Russia increased in 2014 by 22.4% compared with 2013 to 18 billion rubles. Net profit increased by 4.7% to 1.56 billion rubles.



Yandex showed revenue of 51.5 billion rubles, which is a 27.2% increase from year to year. The company's net profit increased by 45% to 18.7 billion rubles.