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Revenue of IT companies increased 12% and revenue of telecommunications companies was up 8.2%.

Headcount of full-time staff in the ICT sector rose 1.6% to 85,000 in Q4. The number of employees on payroll at IT companies rose 5.5% but headcount at telcos dropped 6.7%.

Average monthly gross pay in the sector rose 11% to HUF 640,000 in the fourth quarter. IT employees had the highest monthly earnings with a gross HUF 673,000.