Microsoft India has reported more than $1 billion in revenue last financial year. According to financial data accessed by business intelligence platform, Tofler, Microsoft Corporation India Pvt Ltd has reported a 13% growth in revenue in 2018-19 to Rs. 7301 crore. The company’s revenue for the past two years stood at Rs 6456 crore and Rs 6392 crore, respectively in FY18 and FY17.
Analysts said the company’s growth is majorly boosted by Azure, its cloud business, and Office 365, in the Indian market.
“Overall the company is doing well and it is growing more than 10% year over year. It is a good growth. While overall enterprise adoption of cloud computing and other emerging technologies is increasing; Microsoft’s engagement with new age companies are contributing well to their India business growth,” said Sanchit Vir Gogia, chief executive, Greyhound Research.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
Have a question on this or other Technology & Innovation topics? Click here to set up an enquiry call with Sanchit Vir Gogia.
Copyright © 2019 Greyhound Research. All rights reserved. You may share this research note using the options made available. Please don’t copy this research note (complete or parts) and distribute over the web and emails. Connect with us if you need clarifications.