Pre-tax profits at IT firm soar by 400%

A SHANNON-BASED IT firm last year recorded a five-fold increase in pre-tax profits to $13.2 million (€9.3m).

According to accounts posted with the Companies’ Office, the US-owned Enterasys Networks Distribution Ltd increased its pre-tax profits from $2.6m to $13.6m to the end of December last.

The Shannon unit is the distribution centre for the company’s products in Europe, the Middle East, Africa and Asia, and increased its employee numbers to 62 last year.