Value of new orders rises on the previous quarter

In 2024, the turnover of information technology companies (IT services and software) in Finland grew by slightly over 5 per cent on 2023. In 2024, their turnover in Finland amounted to more than EUR 19 billion.

The information technology companies that took part in Technology Industries of Finland’s survey of order books reported that the monetary value of new orders between October and December was 77 per cent higher than in the preceding quarter and 20 per cent lower than in the corresponding period of 2023. Game industry and data centre companies are not included in the survey. In this sector, it is typical for order volumes to fluctuate strongly from one quarter to another.

At the end of December, the value of order books was 2 per cent higher than at the end of September, but 2 per cent lower than in December 2023.

On the basis of order trends at the end of the year, the turnover of information technology companies is expected to grow over the next six months.

The number of personnel employed by information technology companies in Finland decreased by 1.4 per cent in 2024 from the 2023 average. The industry employed 82,300 people on average in 2024, approximately 1,100 fewer than in 2023. At the end of December, the number of personnel was 81,400.