Pretax profits at Irish arm of data centre company Equinix more than halve

Decline driven by the higher costs of sales

An engineer checks equipment atan Equinix data centre in San Jose, California. Pretax profits at its Irish arm more than halved last year to €7.86 million. Photograph: Jim Wilson/The New York Times

Equinix Ltd operates data centres in Dublin at Northwest Business Park, Citywest, Blanchardstown and Kilcarbery Park and globally operates 260 data centres in 72 locations. Its latest accounts show that Equinix Ltd recorded the 51 per cent decrease in profits despite revenues rising by 33 per cent from €48.9 million to €65.2 million. cost of sales more than doubled from €22.7 million to €46.82 million.A directors’ note with the accounts said that the gross profit margin had decreased to 28 per cent mainly due to the increase in cost of sales.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IrishTimes /  🏆 3. in İE

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What do Irish writers read ? Donal Ryan, Mark Tighe, Nuala O’Connor, Claire Hennessy and more give recommendationsThe Irish Writers Handbook 2025 contributors recommend books and bookshops for Irish Book Week
Read more »

Here's Everything Team STELLAR Is Loving This WeekSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Read more »

Everything Team STELLAR Is Loving This WeekSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Read more »

Here's What Team STELLAR Is Loving This WeekSTELLAR Magazine, Irish Fashion, Irish Women's Magazine, Irish Beauty, shops in Ireland, celebrity news, glossy magazine, Fade Street, make-up tips, Irish style, Vip Magazine Group
Read more »

Leathered: Violence in Irish Schools - Grim viewing and an unflinching indictment of Irish societyTelevision: There are so many victims, each of their stories so upsetting that after a while, anger gives way to numbness
Read more »

The Irish Times wins four awards at Irish Food Writing AwardsWinners announced across different categories at a ceremony in Dublin’s RDS on Thursday
Read more »