China’s software industry saw business revenue growth of 10 percent in the first ten months, official data showed.
These revenues reached 8.420 billion yuan (regarding 1.180 billion dollars) during this period, according to data released by the Ministry of Industry and Information Technology.
Cumulative profits of companies in the industry exceeded 1 trillion yuan, up 4.5 percent year on year.
During this period, IT services revenue was regarding 5.46 trillion yuan, up 10.1 percent year on year. Revenue from cloud computing and big data services reached 823.4 billion yuan, up 7.7 percent year on year.