Oracle believes impact of Donald Trump's tariffs will be ‘minimal'
The directors of the main Irish arm of Oracle, the firm co-founded by Larry Ellison, believe the direct impact of US and EU tariffs and non-tariff measures will be minimal.
That is according to new accounts for Oracle EMEA Ltd, which show the business recorded pre-tax profits last year of €480.97m.
This followed revenues increasing by 4pc from €9.15bn to €9.54bn in the 12 months to the end of last May.
Oracle's global revenues in fiscal year 2024 totalled $53bn.
The pre-tax profit of €480.97m at Oracle EMEA Ltd last year followed a pre-tax loss of €89.77m in fiscal year 2023.
The main activity of the Irish-based company is the manufacture and sale of computer hardware and software products and cloud services in the Europe, Middle East and African markets.
The company paid out a dividend of €359m last year, and in a post-balance-sheet event paid out a further €371.26m dividend to Oracle EMEA Holdings Ltd on March 31, 2025.
The accounts were signed off on April 15, only five days after Trump announced the 90-day 'pause' on the so-called 'reciprocal tariffs' imposed on April 2.
A 10pc tariff does remain in place for goods going into the US from most of America's trading partners, with exemptions for pharmaceuticals, microchips and some other items.
'Such tariff measures are dynamic and the directors will continue to actively monitor the situation and may take further actions that may alter the company's business operations as may be required,' the directors note.
The company recorded a post-tax profit of €419.74m after incurring a corporation tax charge of €61.22m.
Profits last year increased, as a non-cash impairment of €208m in 2023 did not re-occur last year.
Numbers employed by the group in Ireland last year reduced from 1,049 to 918. This was made up of 524 in sales and marketing, 177 in manufacturing and software development, 158 in finance and administration and 59 in product localisation and translation.
Staff costs declined from €138.92m to €128.96m that included share-based payments of €23.93m.
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