The Irish subsidiary of the US software company Red Hat boosted its revenues by 30 per cent last year and reported turnover close to €200 million. Revenues in the year ending February 2012 grew €158.1 million to €197.3 million.
Despite the bumper revenues, the company had a relatively low profit margin. Red Hat recorded a €14.7 million profit last year, which more than doubled the €6.5 million net gain it enjoyed a year earlier.
It paid tax...
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