Elko Grupa the largest company in IT in 2020

Elko Group, a distributor of IT products and solutions, was the largest IT and computer technology company in Latvia last year when the company turned over EUR 600.184 million, according to the Latvian Business Annual Report.

Elko Grupa’s turnover rose by 26.7 percent year on year.

Also, Latvia, which posted EUR 84.048 million in turnover last year, was the second-largest company in the Latvian computer technology industry in 2020. MoonCom ranked third last year with a turnover of EUR 51.764 million. Capital is in fourth place in the ranking as the company’s turnover reached EUR 29.409 million in 2020. Asbis Baltics was fifth, as the company’s turnover reached EUR 26.908 million in 2020. Atea, which posted EUR 14.076 million in turnover last year, was ranked sixth. Baltic Data was the seventh-largest company last year with a turnover of EUR 12.989 million, followed by MarkIT Latvija in the eighth place that turned over EUR 10.87 million in 2020, company VS Pro in the ninth place that posted EUR 5.916 million in turnover, and Datika in the tenth place with EUR 5.57 million in turnover.

At the same time, the largest software company in the IT sector was MikroTikls with EUR 353.616 million in turnover, up 24.9 percent from 2019. Evolution Latvia came second with EUR 86.295 million in 2020 turnover.

Tieto Latvia came third with EUR 49.777 million in annual turnover, followed by Printful Latvia with EUR 47.243 million, C.T.CO with EUR 44.323 million, DPA with EUR 26.215 million, Emergn with EUR 21.327 million, Atea Global Services with EUR 20.103 million, Intrum Global Technologies with EUR 17.425 million and SV Digital with EUR 13.596 million in turnover last year.

Source: labsoflatvia.com