(JW Insights) June 5 -- China’s software and information technology service industry posted double-digit growth in revenue and profits in the first four months of the year, reported Xinhua, citing data from the Ministry of Industry and Information Technology(MIIT).

Profits of the sector expanded 13.8 percent year-on-year to RMB367.4 billion ($51.77 billion) in the period, while revenue grew by 12.8 percent from a year ago to RMB3.32 trillion($467.4 billion), showed the data.

Revenue from software products increased by 11.1 percent year-on-year to RMB818.3 billion($115.2 billion) in this period. Revenue from industrial software products expanded to RMB81.48 billion($11.5 billion), marking a year-on-year increase of 15.1 percent.

Cloud computing and big data services revenue jumped 16.3 percent year-on-year, and e-commerce platform technical services revenue rose 4.1 percent, the data showed, according to Xinhua’s report.

(Gao J/Yuan XY)