Software firm back in profit despite dip in revenue

Irish software firm Openet last year returned to operating profit in spite of a dip in revenues to €95.44m.

The Dublin based software firm — which this week announced the creation of a further 30 high-value jobs — recorded an operating profit last year of €413,000 following an operating loss of €1.48m in 2012.

Revenues declined by 3%, from €97.9m to €95.4m, in the 12 months to the end of December last. The directors state that the revenue decrease was attributable to a weakening of the US dollar in 2013.