The document summarizes an economic impact study of the IT sector in the Czech Republic from 2007. It finds that the IT sector, especially software, is a major driver of economic growth, generating over 46,000 new jobs and almost $700 million more in annual tax revenues by 2011. The software industry accounts for 53% of IT employment and 65% of IT tax revenues in the Czech Republic. For every $1 of Microsoft revenue, an additional $7 is generated for other companies.