DUBLIN: The Republic accounted for $338 million (€275 million) in turnover for the year, an increase from the $290 million (€236 million) in 2016. The rest of Europe, meanwhile, rose to $20.8 billion (€16.9 billion), compared to $20.56 billion (16.72 billion) a year earlier.
MIOL is the Microsoft subsidiary tasked with marketing, selling and distributing hardware and software to Europe, the Middle East and Africa.
Pretax profit of $1.2 billion (€973 million) for the year ended June 30th, 2017, was up from just over $1 billion (€810 million) year earlier. Net revenue at the company was 10 per cent higher compared with 2016, rising to $22.82 billion (€18.56 billion) in the fiscal year.
The company also noted $32.5 million (€26.4 million) due to long-term creditors, which relates to a dark fibre cable that was acquired in 2016 but not put into service. It will be returned to Hibernia Express over a three-year period.
The accounts show employee numbers climbed from the previous year, with an average of 895, but the current figure is closer to 1,500. In February 2017, Microsoft announced it would recruit 600 people for its inside sales team, and made a further announcement of 200 jobs in October last year.
