Pre-tax profits at the main Irish based unit of enterprise software firm Salesforce last year increased more than 14 fold to $783.58m (€673m).
New accounts show that Salesforce's central trading company in Ireland, SFDC Ireland, recorded the 1,326% jump in pre-tax profits as revenues rose by 20% or $1.24 billion from $6.12 billion to $7.36 billion in the 12 months to the end of January 31, 2025.
The firm with its Irish HQ at Salesforce Tower in Dublin's Docklands is headed up by former eir chief Carolan Lennon, who was appointed to the board of SFDC Ireland on May 15, 2023.
The revenues for SFDC Ireland Ltd account for 19.4% of Salesforce’s global revenues of $37.9 billion for the year.
The directors for SFDC Ireland state that the increase in the company's operating result reflects sustained revenue growth in the EMEA (Europe Middle East and Africa) and APAC (Asia Pacific) regions, coupled with controlling the effective management of its overall operating expense base.
In a post-balance sheet event on July 30, 2025, the company declared and paid a dividend of $6 billion to shareholder, Slack Technologies Limited.
This followed the company on July 24, 2025 effecting a share bonus issue of one additional ordinary share of €1 to its shareholder, Slack Technologies Limited, through a $19.46 billion capitalisation of its capital contribution reserve.
On the following day on July 25, SFDC Ireland Ltd implemented a share capital reduction of $25.02 billion.
During the year, the company made charitable donations of $4.9m compared to $2.73m in the prior year.
Numbers employed remained static last year at 2,817 made up of sales of 1,751 and administration of 1,065.
Salary costs last year totalled $381.6m which equates to an average salary of $135,466. In addition, staff also received $42.37m in share based payments.
Total staff costs last year amounted to $495.08m - an increase of 16% on the staff costs of $425.53m in the prior year.
Directors' pay last year reduced from $1.42m to $1.37m.
The company sells Salesforce products and services in Europe, Middle East and Africa along with Asia Pacific along with providing consulting services and support to customers.
The company recorded an operating profit of $641.74m - which was a 128 fold increase on the operating profit of $5.33m in the prior year.
Net interest receivable of $141.85m resulted in the pre-tax profit of $783.58m.
The company recorded a post tax profit of $590.16m after incurring a $193.42m corporation tax charge.
At the end of January last, the company had shareholder funds of $23.18 billion.
The profit takes account of non-cash amortisation costs of $1.53 billion along with $41.9m in non-cash depreciation costs and a lease impairment expense of $11.99m.
The company also incurred a $4.65m cost on foreign exchange differences; a $2.84m loss on the disposal of fixed assets and a $28.26m R&D expense.
Reporting by Gordon Deegan
