Comment by PaywallBuster
3 years ago
Quite impressive the numbers they're doing
78M profit on 290M revenue
(See [0] above)
_ edited figures _
3 years ago
Quite impressive the numbers they're doing
78M profit on 290M revenue
(See [0] above)
_ edited figures _
They also distributed some 50M EUR to employees and management
a friend of mine told some support staff got 20k EUR in bonuses last year because of that
probably they figured out, it's easier to give some of the profits away than pay a higher tax
Finding good people is difficult, especially back in 2021 when everyone was scaling IT like crazy. A good bonus is a good investment in employee retention. On top of that having employees participate in business success aligns incentives. It's just good business sense.
It's insane that they are so cheap and they could still have a third lower prices and not lose money somehow
Hetzner is all about doing things efficiently, in unconventional ways.
There are some Youtube videos of people getting tours of their data centers. It's a very custom setup, keeping both component costs and energy costs down. Their earliest servers were basically tower PCs on shelves, their more recent generations are more akin to custom rack designs with inhouse-assembled servers, with a datacenter design that exploits natural convection to do a lot of the cooling.
Makes you wonder how much you are overpaying on AWS.
I see 78M on 290M EUR but yeah, still very impressive!