Oracle’s Irish arm nets €92m profit

The main Irish subsidiary of US software and hardware giant Oracle last year returned to profit to record pre-tax profits of €92.3m.

This followed revenues at Oracle EMEA Ltd increasing by 26% from €5.57bn to €7bn in the 12 months to the end of May 31, 2012.

The revenues recorded by the Irish unit accounted for 24% of Oracle’s global revenues last year of $37.2bn (€28.8bn). The profit last year follows pre-tax losses of €39.1m in 2011.