telecommunications

Serbian ICT Revenue Growth Outpaces Spending in Second Quarter

Serbia’s ICT sector recorded a significantly faster increase in revenue than operating expenditure during the second quarter, with the gap between the two measures widening to 4.2 percentage points. ICT revenue grew 9.9% from the first quarter, while operating expenses increased 5.7%, according to preliminary official data. The quarterly difference was considerably larger than the corresponding gap across Serbia’s overall non-financial business economy, indicating stronger operating leverage within the technology sector during the period. Technology Companies Increase Revenue Faster Than…