PFH Group paid €18m dividend ahead of acquisition by Japanese tech giant

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‘Permanent shift’ to hybrid working driving demand for software company’s services

PFH, one of the largest digital infrastructure companies in the State, generated revenues of close to €183.4 million in the year to the end of June 2023.

The group, one of the largest digital infrastructure companies in the State, generated revenues of close to €183.4 million in its 2023 financial year, accounts filed late last month reveal, 4.6 per cent in advance of the previous year across all of its business segments including data centres. In the 12 months before the acquisition, after-tax profits at PFH declined by around €10 million to almost €4.3 million.Tech tidy-up: How to spring-clean the gadgets in your lifeIn a report attached to the accounts, the group’s remaining Irish directors said higher payroll costs – which jumped by 15 per cent to €42.3 million in the year, inclusive of wages, social insurance and pensions costs – and “generally higher costs” over the year contributed to the drop-off in profits.

“The group’s focus remains to be the leading lOT supplier of choice in our chosen markets and to continue to expand the range of services that we provide,” the directors said.

 

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