Press Release – 1 March 2018
168% growth in operating profit
Turnover up 41% to €74.1m from €52.6m
Company on track to become €100 million business in 2018
IT services and networking company, Arkphire, has reported an operating profit of €2.7 million on sales amounting to €74.1 million for the 12 month period ended 30 June 2017 in accounts recently filed with the Companies Registration Office (CRO). These results represent a stellar performance for the business with profits more than doubling for the second year in a row from €1,015,999 in 2016 to €2,723,265 in 2017 and turnover up 41% compared to the previous year.
Commenting on the performance for the year, Jimmy Dalton, CFO at Arkphire said: “Last year proved to be another tremendous year for Arkphire, further accelerating the period of growth that the business has been enjoying. Over the past three years, Arkphire has grown turnover from €20m to €74m and 90% of this growth has been organic. Arkphire is well positioned to continue on its rapid growth trajectory and we are confident of increasing annual turnover to €100m in 2018.”
Arkphire’s customers cover large multinationals, leading Irish organisations and public sector agencies within a wide range of industries including telecommunications, finance, pharma, healthcare and energy.
According to Jimmy Dalton, Arkphire has invested heavily in supply chain management, people and supplier partnerships. This investment has made Arkphire the preferred partner for the large FDI Silicon Valley Tech multinationals. Last year, Arkphire launched a 24 hour remote managed support service to its customers and has recently forged a strategic partnership with specialist cyber security services firm, Skout, to enhance its overall IT offering.
In 2017, Arkphire was listed in the top 20 fastest growing tech businesses in Ireland, at the Deloitte Technology Fast 50 Awards and was also ranked in the Deloitte Technology Fast 500 Awards for Europe.
Arkphire currently employs over 80 people and is headquartered in Dublin with an international office in London.
Click here to view the press release in this week's Irish Times.