Skype’s profit in Estonia up 22.8 percent
Archived Articles 17 Aug 2009  EWR
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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)
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