The ranking of Bulgaria's largest software companies, published in the special edition Digitalk 101, brings both good and worrying news. Average revenue among the top 50 is up by more than 15%, but that average hides big differences between individual companies.
The key takeaways
- Amusnet Interactive is in first place again.
- EGT Digital, which is linked to Amusnet, climbs to third place.
- Average revenue across the top 50 grows by more than 15%.
- Some companies report a sharp drop in revenue.
- Some firms are cutting headcount sharply, and for some of them turnover is falling as well.
Why "growth with caveats"
An average of +15% can hide a lot. If a few large players grow strongly, they pull the average up while other companies shrink. So when you read rankings like this, it helps to look beyond the headline number at the distribution: how many companies are growing, how many are flat and how many are losing ground.
What the numbers reveal
The layoffs at some companies match a trend described in other articles in the same edition: teams are getting smaller and more experienced, and clients want results, not just hours of development. There's more on this in our analysis of smaller, more experienced tech teams.
What it means for buyers of software services
For a company looking for a partner to build a website, an online store or an internal system, the shift is mostly good news. The market is becoming more competitive, and vendors are more willing to start with a smaller, clearly defined project and prove their value. Make the most of it:
- Start with a clear scope and measurable goals.
- Ask for real examples from similar projects, not general promises.
- Agree who will maintain the system after launch.
If you are preparing a project, take a look at real projects from our portfolio.
Source: Digitalk: The largest software companies in Bulgaria (in Bulgarian). This article is an independent analysis by Penkov Studio.
