€39m pre-tax loss for Irish arm of Oracle

The main Irish subsidiary of US software and hardware giant Oracle last year recorded a pre-tax loss of €39.1m in spite of increasing revenues by 29% to €5.57bn.

Accounts filed with the Companies Office by Oracle EMEA Ltd show the Dublin-based company recorded the pre-tax loss of €39m after recording a pre-tax profit of €133.4m in 2010.

The firm increased revenues from €4.3bn to €5.5bn in the 12 months to the end of May last year.