Skype’s profit in Estonia up 22.8 percent

Archived Articles | 17 Aug 2009 | EWR

BNS
Skype Technologies OÜ, the Estonian development arm of the free VoIP telephony provider Skype, earned a profit of 28 million kroons (EUR 1.8 mln) in 2008, 22.8% more than in the year before.
Revenues during the year totalled 319.3 million kroons, up 16.5% year on year, it appears from the annual report.

The Skype operation in Estonia provides services to other companies of the Skype Group, thus its entire revenue was generated in in-group transactions.

During 2008 the company employed on the average 303 people and pay costs totalled 204.8 million. At the end of the year the number of employees was 318.

In 2009 Skype Technologies OU expects the number of personnel to grow primarily in the field of software development. Continued growth in the number of employees is most of all hindered by the shortage of qualified engineers on the Estonian labour market, the company said.
Skype Technologies OÜ is 100% owned by the Luxembourg registered holding firm Skype Technologies S.A.

(Ref ER)

Archived Articles

The reverberations of Soviet totalitarianism in Finland: Sympathies and contradictions (II) (1)
Translated from Imbi Paju’s article in “Maailma Vaade” (View of the World).

This year 70 years have passed since the signing of the ...

How to Liberate an Economy
Entrepreneurs understand the importance of freedom in the workplace

Guy Sorman, TCS Daily

Brian Carney and Isaac Getz's Freedom, Inc. is a ...

Lessons from Estonia: Protecting the West from a computer attack
Väino Reinart, National Post, October 22, 2009

The cyber attacks carried out against Estonia in the spring of 2007 served as a wake-up call about ...

Opening statement by Mark Carney Governor of the Bank of Canada Press conference following the release of the Monetary Policy Report 22 October 2009
Good morning. Paul and I are pleased to be here with you today to discuss the October Monetary Policy Report, which we published this morning.

...

Welcome home
It is high time to abolish the concept of ethnic minorities
Europe.view column, Oct 22nd 2009, from Economist.com

Should the Polish ethnic ...

Moscow Patriarchate’s efforts to subordinate ‘alternative Orthodox’ undercut Russia’s future, Regelson says (2)
VIENNA, October 22 – The Moscow Patriarchate’s drive to subordinate all independent Orthodox bishops and believers to its own power vertical, an ...