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China’s software, IT service sector sees stable revenue growth

Updated: Apr 7,2019 2:12 PM     Xinhua

BEIJING — The revenue of China’s software and information technology (IT) service industry climbed 13.6 percent 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 percent during the January-February period. Software product sales expanded 11.1 percent year-on-year, down from a rise of 11.7 percent during the same period of 2018.

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

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