High demand for cloud computing good for Ireland
The data storage and technology support services giant — co-founded in the late 1970s by former US ambassador to Ireland, Richard Egan — said yesterday that total group revenues jumped by 18%, on a year-on-year basis, in the third quarter, reaching $4.98 billion (€3.64bn). Net income, for the three month period, was up by 28% year-on-year to $606 million.
But the third quarter saw record revenue generated from its US operations; with a 17% year-on-year rise amounting to $2.7bn and 54% of the quarter’s total revenue. Revenues from outside of the US amounted to $2.3bn, up by 20% on the same period last year. The company employs 50,000 people worldwide — 2,500 in Ireland.
