Business Irish

Wednesday 16 January 2019

Profits at data centre firm's Irish unit fall 20pc to €5.4m

Data giant: Tanya Duncan, head of the Irish unit of Interxion, which has centres in 11 countries
Data giant: Tanya Duncan, head of the Irish unit of Interxion, which has centres in 11 countries
John Mulligan

John Mulligan

The Irish arm of data centre firm Interxion saw its operating profit tumble 20pc last year to €5.4m despite turnover jumping to €20.3m from €17.3m in 2016.

The decline in profitability at the Irish arm of the Amsterdam-headquartered firm came as its net operating expenses soared to €11.2m in 2017 from €7.6m the previous year.

Directors' pay at the Irish unit jumped last year to €1.1m from €444,000 in 2016, according to accounts just filed for the business. The company employed just 23 other staff during 2017, who were paid a total of €1.37m, or an average of almost €60,000 each.

Interxion, which is listed on the New York Stock Exchange, operates more than 50 data centres across 11 European countries, serving 2,000 clients.

The managing director of the Irish division is Tanya Duncan.

Last week, Interxion announced that one of the largest independent cloud performance and security value-add resellers in the world, GlobalDots, has selected the company's Dublin operations to host its data.

Playtika, the world's largest social casino games company, is one of the end customers GlobalDots services through Interxion's Dublin campus.

Last month, Interxion got the go-ahead for a new €68m data centre in Dublin, at Grange Castle.

It already has three data centres at the business park, which is a major hub for such operations, with multinationals including Google and Microsoft having data centre facilities there.

The latest planned Interxion data centre will take between 12 and 14 months to build, and support up to 140 construction jobs during that time.

In October, Interxion said that it's planning to build new data centres in Frankfurt and Marseille at a total cost of more than €310m.

In September, Interxion said that it had increased its capital expenditure guidance for 2018 to between €425m and €450m due to high co-location demand.

Irish Independent

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