Profits rise 79% at US software giant’s Irish arm

An Irish subsidiary of US software giant Oracle last year recorded a 79% increase in pre-tax profits to $55m (€41m).

Accounts just filed by Oracle East Central Europe with the Companies’ Office show the Dublin-based company increased its turnover by 26%, from $169.7m to $214m, to the end of May last year.

Oracle, which produces and sells computer software for the Central European market, paid a dividend of $140m to its US parent last year.