IT firm’s revenues rise to $100m

Operating profits at the main Irish unit of US firm Avocent last year increased by 34% to $8.8m (€6.7m).

The increase in operating profit occurred after revenues rose 30% at the Shannon-based IT firm, from $76.4m to $99.5m, in the 12 months to the end of September last.

However, the prior period covered only nine months. The accounts show pre-tax profits tumbled by 67%, from $24.5m to $7.9m last year.