China's software and information technology (IT) sector logged steady growth in profits and revenue in the first 10 months of the year, official data showed Friday.
From January to October, companies in the sector raked in a total of 1,572.1 billion yuan (about 222 billion U.S. dollars) in profits, up 7.7 percent year on year, data from the Ministry of Industry and Information Technology showed.
Software revenue of the sector climbed 13.2 percent from a year ago to about 12,510.4 billion yuan (about 1.77 trillion U.S. dollars) during the period, the data showed.
In the first 10 months, China's software exports amounted to about 51.09 billion U.S. dollars, an increase of 6.7 percent, keeping a momentum of positive growth for eight consecutive months.