TECHNOLOGY:The main Irish subsidiary of US technology giant Oracle last year recorded a pre-tax loss of €39.1 million in spite of increasing revenue by 29 per cent to €5.57 billion.

In accounts just filed by Oracle EMEA Ltd with the Companies’ Office, the Dublin-based company recorded the pre-tax loss of €39 million after recording a pre-tax profit of €133.4 million in 2010. The firm increased revenue from €4.3 billion to €5.5 billion in the 12 months to the end of May last year.

The filings confirm that the firm, which produces and sells computer hardware and software for the European market, paid a dividend to its parent last year of €200 million.

The revenue recorded by the Irish unit accounted for 19 per cent of Oracle’s global revenue last year of $35.6 billion (€29.2 billion) that represented a 33 per cent increase on 2010.

The accounts show that the Irish unit recorded an operating loss of €43 million after showing an operating profit of €131.4 million in 2010. The company’s losses were reduced by net interest payments of €3.9 million.

The company employed 1,026 people at the end of May 2011.