Apple remains the Republic’s largest company, with revenue of just under €180bn – The Irish Times

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Apple was the state’s largest company again last year, with revenue of just under 180 billion euros and profits of 57.8 billion euros, according to the latest ranking. Irish Times Top 1000.

Despite global supply chain disruptions and semiconductor shortages created by the Covid-19 pandemic, the iPhone maker, which has significant regional operations based here, grew revenue by 47% to €179.9 billion for the year to the end of September 2021.

Google was still far behind Microsoft. The Silicon Valley search giant saw its Irish revenue rise 5.9% to 48.4 billion euros. Microsoft, whose financial year ended June 30, 2021, increased its Irish revenue by 13.5% during a period when usage of its Teams communications and collaboration product more than doubled.

The social media giant formerly known as Facebook continues its Irish growth trajectory. Meta, as the company is now called, saw its revenue increase by 47% for the financial year ended December 31, 2020 to reach 40.6 billion euros.

The biggest local company was building materials group CRH again in fifth place, with profits of just under €3 billion on revenues of €27.4 billion. Based in Dublin, the company is listed on the London Stock Exchange and operates globally. CRH more than doubled its profit during the year despite various pandemic-related restrictions.

The other indigenous company to feature in the top 10 is DCC, which provides services and products in three key sectors: energy, health and technology. Again, DCC is based in Dublin but has its main market listing in London and its operations are spread across the globe. Only 8% of its profits come from Ireland, where its brands include Flogas and Certa.

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The only change in the top 10 from the previous year was with technology group Dell ranking 10th with revenue of 10.6 billion euros, replacing Abbvie in the process.

Last year again marked the inclusion in the Top 10 of several companies that have made Ireland their global headquarters. While the majority of their business is conducted outside of Ireland and the bulk of their employees work beyond those shores, the fact that their head office is located here means that their worldwide earnings are included in the list. .

Medical technology leader Medtronic again took sixth place. The company, which moved its headquarters to the Republic after its takeover of Covidien in 2015, saw its global revenue increase by 5.5% to 24.8 billion euros.

Johnson Controls, a specialist in fire and safety equipment, became its Irish headquarters in 2016 following its merger with Tyco International. Its revenues remained stable at 19.2 billion euros.

In ninth place is power management systems group Eaton Corporation, which established its global headquarters in Ireland following its acquisition of Cooper Industries in 2013. The company’s revenues rose 10% to 17, 3 billion euros.

The full ranking is available on top1000.ie

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