Public Joint Stock Company ARMADA reported revenue results for the nine months ended September 30, 2012. For the nine months, the company reported total revenue of RUB 2,344 million compared to RUB 2,039 million reported a year ago, up 15% year-on-year.

The company usually generates more than half of full-year revenue in the fourth quarter. Contracts for the software development and implementation make a substantial contribution to revenue in the fourth quarter, as a result of which the Software/IT services ratio changed from 25:75 as of the end of nine months of 2011 to 45:55 as of the full-year 2011. The company's management expects to achieve double-digit organic growth of consolidated revenue in 2012 and EBITDA margin on par with the year-earlier level, when it stood at 12.2%.