Software sales boost profits at Oracle by over 50%

THE main Irish subsidiary of US software giant Oracle increased its pre-tax profits by 51% to €707 million in the year to the end of May last year.

Accounts just filed by Oracle EMEA to the Companies Office, show that the Dublin-based company increased its turnover by 17.5% from €3.1 billion to €3.7bn.

The filings show the company, which produces and sells computer software to the European market, paid a dividend of €250m to its US parent last year.