Adobe’s Irish arm goes into red with €35m losses

The main Irish unit of US software giant Adobe last year plunged into the red after recording pre-tax losses of $39m (€34.63m).

New figures show that the Adobe Software Trading Company Ltd, and subsidiaries, recorded the loss as revenues dipped below $2bn. The accounts show revenues decreased by 3.6% going from $2.02bn to $1.95bn.

The company has an address at Citywest, Dublin. It is the intermediate holding company for Adobe’s subsidiaries based in the Europe, Africa and the Asia Pacific regions.