Cork-founded PFH sees profits rise by almost threefold to more than €16m

Recently acquired ICT firm said last year's performance was boosted by a permanent shift to hybrid work 

The group's operating profit, however, increased from €5.5m to €16.4m in the same period, which PFH said was mainly due to a decrease in payroll costs and pension contributions.

Strong demand from a growing client base saw Cork's recently-acquired software firm PFH Technology increase its profits by almost threefold last year, rising to more than €16m in 2024.

Latest financial accounts from PFH Technology Group Ltd noted that strong marketplace demand, driven by what appeared to be a "permanent shift to hybrid working," led to growth across public, private and multinational company sectors.