Profits at Dublin-based Microsoft Ireland Operations Limited (MIOL) rose to $1.2 billion (€973 million) last year as the company reported stronger revenue driven by volume licensing and hosting services. The Republic accounted for $338 million (€275 million) in turnover for the year, an increase from the $290 million (€236 million) in 2016. The rest of Europe, meanwhile, rose to $20.8 billion (€16.9 billion), compared to $20.56 billion (16.72 billion) a year earlier. Pretax profit of $1.2 billion (€973 million) for the year ended June 30th, 2017, was up from just over $1 billion (€810 million) year earlier. MIOL is one of the software giant’s Irish subsidiaries, with its operations here also including the unlimited company Microsoft Ireland Research, Flat Island Company, which licenses Microsoft software for use in Europe, the Middle East and Africa, and Round Island One.

Source: The Irish Times March 29, 2018 15:56 UTC