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

Pre-tax losses at Irish software firm, Openet last year narrowed to €2.4m after revenues jumped 11% to €97.9m.

A COMPANY backed by businessman Barry Maloney, who shunned the recent Global Irish Economic Forum because Denis O’Brien was attending, reported a surge in profits for last year.