DUBLIN: The Irish subsidiary of US marketing software firm HubSpot, which announced plans to take on more than 300 staff in Ireland in April, slipped into the red last year as turnover more than doubled.
Newly filed accounts show HubSpot Ireland Limited reported a €183,009 pre-tax loss for the 12 months ending December 2015, as against a €528,532 profit a year earlier. The company attributed the loss to administration expenses arising from an increase in staff numbers.
HubSpot, which established operations in Ireland in September 2012, announced plans to increase headcount to more than 500 over the next three years after it relocated to new offices in the IFSC in April.
