9 Biggest IT Companies in Ukraine Based on Revenue

Ukraine is a top choice for businesses looking to open research and development centers, outsource software development, or hire skilled experts. Despite the ongoing full-scale invasion by Russia, most Ukrainian tech companies still provide high-quality services to clients around the world. This helps strengthen both their clients' technology and their own resilience.

Many businesses that initially halted their operation in the region reopened their offices and renewed contracts with software development companies in Ukraine. Let's review why partnering with tech enterprises may be beneficial and what software development firms in Ukraine have all it takes to become a reliable partner. Numerous companies that previously suspended operations in the area have now reopened their offices and reestablished contracts with software development firms in Ukraine. 

At the same time, the IT services sector collectively brings in more than $3.34 billion in revenue, with IT outsourcing accounting for the largest portion at $1.2 billion. By the year 2029, the market is projected to produce over $4.6 billion in revenue, according to Statista Market Insights.

In 2024, the highest-earning IT companies in Ukraine include Softserve, Intellias, Luxoft, EPAM, and GlobalLogic. YouControl provided DOU with a list of the top 20 companies based on financial performance. Below, we explore these leading firms, highlighting their revenue, workforce size, market presence, and key partnerships.

What are the top IT companies in Ukraine based on revenue?

In 2024, Ukraine's IT sector grew positively, with companies reporting at least an 11.5% increase in total income. However, the depreciation of the national currency reduced the advantages of this growth. Despite this challenge, the sector maintained the same revenue levels as the previous year. A strong point for the top 10 companies is their profitability, with some moving up from lower positions in 2023.

Even with the ongoing impact of the war, these IT companies have solid financial profiles, which help them remain sustainable and contribute to the country’s budget, according to Roman Kornylyuk, Doctor of Economics, financial analyst YouControl.

According to YouControl data obtained by DOU, there are top 10 Ukrainian IT companies with the highest revenue in 2024 and only 4 of them have revenue growth over the year, the rest have figures lower than in 2023.

Biggest IT Companies in Ukraine According to Revenue

Company	Revenue 2024 (USD, M)	Revenue 2023 (USD, M)	Net Profit 2024 (USD, M)	Net Profit 2023 (USD, M)
LLC "GLOBALLOGIC UKRAINE"	291.56	285.43	16.32	22.61
EPAM SYSTEMS LLC	136.35	146.90	6.59	7.51
LLC "INTELLIAS INSTITUTE OF INFORMATION TECHNOLOGIES"	101.58	108.35	7.52	6.38
LLC "SOFTSERV TECHNOLOGIES"	95.78	58.18	5.25	5.26
LLC "FINTECH BAND"	92.66	139.45	28.77	78.57
"HIGHLOAD SOLUTIONS" LLC	80.58	25.68	59.97	19.37
LLC "INFOPULSE UKRAINE"	76.60	80.81	8.32	9.68

GlobalLogic

GlobalLogic, a Hitachi Group Company, is a global IT company headquartered in Silicon Valley. Operating in 21 countries worldwide, it brings together nearly 30,000 engineers.

In Ukraine, GlobalLogic ranks among the top three largest IT companies. Over 6,500 Ukrainian engineers within the company are actively engaged in crafting digital products across key industries such as healthcare, automotive, telecommunications, construction, media, finance, semiconductor, and more.

In 2024, GlobalLogic's revenue amounted to UAH 11,662,493,000, which is UAH 245,240 more than in 2023.

GlobalLogic has been recognized as one of the most resilient companies and the largest exporter from Ukraine in 2022, according to Forbes rankings. Additionally, it is regarded as one of the best employers, as per Ernst & Young’s research.

What is GlobalLogic’s global presence and how large is its workforce?

The company has offices in several Ukrainian cities, including Kyiv, Kharkiv, Lviv, and Mykolaiv, and operates internationally in countries such as Spain, Canada, Colombia, Mexico, Germany and other countries. It employs approximately 6,500 specialists in Ukraine and a total of 29,000 professionals worldwide. The company have major clients like harmonic, cambium networks, BMC, etc.

EPAM & EPAM Digital 

In second and third place is EPAM, which has several legal entities in Ukraine. EPAM Systems has a revenue of UAH 11,349,613,000. But this figure is UAH 1,266,577,000 less than in 2023. 

EPAM Digital has a revenue of UAH 7,526,997,000 — UAH 1,525,374,000 more than in 2023.

Founded in 1993, EPAM Systems Inc. is a leading global provider of software development and digital platform services, a design agency, and a global leader in software development. Leveraging its technology expertise and expertise in consulting, design, and innovation strategies, EPAM teams of professionals collaborate with industry leaders such as Google, Microsoft, and Amazon to solve complex challenges together.

EPAM is recognized as a global leader in the Gartner® Magic Quadrant™ 2024 for Custom Software Development Services. The company is ranked among the top 50 companies by Forbes and is a leader in Focus’s 2024 Best Employers in IT.

What is EPAM's global presence and how large is its workforce?

The corporation maintains a presence in 55 countries across six continents and has offices in 12 cities in Ukraine, including Kyiv, Zhytomyr, Cherkasy, Lviv, Ivano-Frankivsk, Chernivtsi, and other cities. The organization, which employs more than 9,500 experts in Ukraine and more than 53,150 worldwide, works with prominent companies in the market like SAP, Oracle, Microsoft, IBM, Google, Amazon, and Adobe.

Luxoft

Luxoft is a global IT-service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass Strategic Consulting, custom Software Development Services, and Digital Solution Engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in FinTech, Automotive, Telecom and Healthcare.

Luxoft occupies fourth place with a revenue of UAH 5,453,813,000, which decreased by UAH 422,267,000 compared to 2023.

Luxoft Global Presence and Workforce Overview

Headquartered in Ukraine, the company operates from strategic locations including Kyiv, Dnipro, and Odesa. Its global presence is bolstered by offices in Switzerland, the UK, Germany, Vietnam, Indonesia, Singapore, Australia, the USA, Poland, Romania, and Bulgaria. With a robust team of 3,920 professionals in Ukraine and more than 13,000 specialists worldwide, the organization proudly serves esteemed clients such as Hotwire, Deutsche Bank, DELL, IBM, and Boeing.

Intellias

Intellias is a global technology partner empowering businesses operating in Europe, the US, the MENA region, and the APAC region to embrace innovation at scale.

Since 2002, the company has been delivering digital products and solutions to clients, among which are HERE Technologies, LG, Siemens, Swissquote Bank, KIA, TomTom, HelloFresh, Xerox PARC, and Deloitte.

The company operates globally with 3000 experts on board. Intellias's service portfolio spans Digital Consulting, Software Engineering, and Infrastructure-related services. Intellias is ranked as a top IT employer by Forbes and EY. It was also featured in the Global Outsourcing 100 list by IAOP, recognized by Inc. 5000, and acknowledged in the GSA UK Awards.

The top five is rounded out by Intellias, which has revenue of UAH 4,063,180,000, which is UAH 271,002,000 less than in 2023.

What is Intellias' global presence and how is its workforce distributed?

The company operates development centers across Ukraine, Poland, Croatia, Bulgaria, Portugal, Spain, Colombia, India, Germany, the UK, the United States, and the United Arab Emirates. With a team of over 3,000 specialists, it serves clients including SEP, e-fon, Adswizz, and Core Banking Solutions.

SoftServe

SoftServe Inc., founded in 1993 in Lviv, Ukraine, is a technology company specializing in consultancy services and software development. SoftServe provides services in the fields of big data, Internet of Things, cloud computing, DevOps, e-commerce, computer security, experience design, and health care. With its United States headquarters in Austin, Texas, and European headquarters in Lviv, Ukraine, the company employs more than 12,000 people in 58 offices in 14 countries. It is one of the largest employers of software developers in Eastern Europe and the largest outsourcing and outstaffing IT company in Ukraine.

What is SoftServe's revenue?

Softserve ranks sixth with revenue of UAH 3,831,223,000, which is UAH 1,503,979,000 more than in 2023.

Around 2013, the company entered a phase of rapid expansion, opening new offices in the United States, Poland, London, Amsterdam, Sofia, and Stockholm. Since then, it has maintained an annual growth rate exceeding 20%. Despite the global pandemic, the company continued on this trajectory, achieving at least 20% growth in 2020 and reaching an estimated $450 million in revenue. It aims to reach $1 billion in annual revenue by 2025. SoftServe's current estimated annual revenue is $2.5 billion, with a revenue per employee of approximately $203,000. SoftServe employs 12,286 people and experienced a 4% increase in its workforce last year.

SoftServe Global Presence and Workforce Overview

SoftServe has a strong presence in Ukraine, featuring offices in major cities such as Lviv, Kyiv, Kharkiv, Dnipro, Chernivtsi, Rivne, and Ivano-Frankivsk. The company also have 35 offices across 12 countries, including the USA, Canada, the UK, Germany, the Netherlands, Poland, and Bulgaria. With over 7,500 specialists based in Ukraine and more than 8,500 professionals worldwide, SoftServe is well-equipped to deliver innovative technology solutions on a global scale. It have prominent clients such as Deutsche Bank, Atlassian, and Cisco.

Fintech Band

Fintech Band is an IT-company providing consulting and web-development services to retail banks, as well as services of payment processing, CRM, online banking, risk management, and servicing bank cards. The company was founded in 2017 by the former senior executives of PrivatBank, namely Olekxandr Dubilet, Dmytro Dubilet, Mykhailo Rogalskyi, and Oleg Gorokhovskyi.

The company’s main projects include Monobank, Ukraine’s first mobile-only bank, allowing its customers to perform all transactions straight from their smartphone, and Koto, a new digital bank, specially designed for the UK market.

In seventh place is Fintech Band, with a turnover of UAH 3,706,273,000. This figure is UAH 1,871,858,000 less than in 2023.

HIGH LOAD SOLUTIONS LLC

The largest increase in revenue over the year was recorded at the company HILOAD SOLUTIONS LLC, which is part of the FAVBET portfolio and has KVED 62.01 Computer Programming. In 2024, revenue amounted to UAH 3,223,149,000, which is UAH 2,027,179,000 more than in 2024.

High Load Solutions Inc. is a small software development and administration agency specialising in web projects that require handling significant volumes of data and user requests.

Our experience and expertise make us a reliable developer and service provider. At each stage of our work, beginning from product design and up to the finished product deployment, we stick to the highest quality standards, which gives every customer the desired outcome.

Infopulse

Infopulse, a part of the Scandinavian IT-group EVRY A/S, provides services in the areas of Software R&D, Application Management, IT-operations and Information Security for both small and large companies around the world. Infopulse was founded in 1991, with a staff of more than 1,600 professionals working in eight countries in Europe and the Middle East.

Among the company’s clients are such giants as BICS, Bosch, British American Tobacco, Citrix, Credit Agricole, ING Bank, Gorenje, METRO Cash & Carry, Microsoft, Mondelais, OTP Bank, Raiffeisen Bank Aval, UkrSibbank BNP Paribas Group, VEON, Vodafone and other.

Infopulse ranks 10th with revenue of UAH 3,064,129,000, again a decrease compared to 2023 — UAH 303,187,000 less.

Recall that since 2014, the number of IT companies has increased by more than 40% to 7,977. As of January 2025, the 50 largest IT companies in Ukraine employ 79,648 specialists.

Infopulse Global Presence and Workforce Overview

Infopulse has offices across Ukraine, including Kyiv, Zhytomyr, Vinnytsia, Lviv, Odesa, Chernihiv, and Kharkiv, as well as international locations in France, Germany, Israel, Bulgaria, and Latvia. With a team of over 1,600 specialists in Ukraine and the same number globally, the company serves prominent clients such as Raiffeisen Bank, Microsoft, Bosch, British American Tobacco.

Wrapping Things Up

Ukraine remains a strong player in the global IT market, offering reliable and high-quality services even amid ongoing challenges. The country’s tech sector continues to grow, with leading companies like SoftServe, Intellias, Luxoft, EPAM, and GlobalLogic setting the standard. With a projected market revenue of over $4.6 billion by 2029, Ukraine is clearly a valuable destination for IT partnerships.

In addition to the top performers, you can discover many other reputable IT companies based in Ukraine on TechBehemoths, offering a wide range of services and expertise.