Irish reseller Arkphire has smashed the €100m barrier just weeks after it merged with MSP Trilogy Technologies.
The Dublin-based firm reported a 40 per cent jump in revenues for the year ending 30 June 2019 to €126m. Operating profits meanwhile ballooned by 45 per cent to €6.72m.
The results do not include contributions from Trilogy Technologies.
The IT supplier claims the figures come ahead of initial expectations.
Arkphire has grown its revenues from just €20m to €126m in the space of five years.
"We are thrilled with the continued growth trajectory that Arkphire is experiencing in terms of financials, new customer acquisitions, our new branding, business transformation and leadership development," said Paschal Naylor, CEO of Arkphire (pictured).
"Of particular note is the growth in turnover that we set for the business five years ago which now sees Arkphire move past the €100 million turnover milestone for the first time in the company's 40-year history and the rebranding of our business to support our global expansion plans."
Arkphire reports its annual results just weeks after announcing its acquisition of Trilogy Technologies, an Ireland-based managed services provider. Arkphire claims the acquisition pushes revenues to €150m revenues and forms an organisation with 220 staff.
Founded in 2009, Trilogy expanded into the UK in 2014 by snapping up storage VAR B2lateral. Trilogy co-founder and MD Edel Creely joined Arkphire's board following the acquisition.
The deal marked the "first major move" towards consolidating the Irish managed services space, the duo claimed at the time.
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