Microsoft Ireland Operations Limited Revenue Rises To $22.2 Billion This Year

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Microsoft Ireland Operations Limited is a subsidiary of Microsoft Corporation that was established to reduce US government taxes. Microsoft Ireland Operations Limited is responsible for all the sales and services happening in Europe and few other countries. In the year to June 30th 2014, this subsidiary reported pretax profit of $1.4 billion (€1.23 billion), up from just under $1.3 billion a year earlier. Also, revenue increased by almost 15 per cent to $22.2 billion, driven by cloud and devices units. Another interesting fact is that Ireland accounted only for $212 million of that figure, with $16 billion attributed to the rest of Europe and $3.1 billion from the UK.

The company paid an effective corporate tax rate of about 14.4 per cent, with a tax bill of around €204 million. That compared with the previous year’s total of €127.3 million.

Source: IrishTimes

More about the topics: earnings, europe, microsoft

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