Microsoft’s revenue in India more than doubled last year, helped by users upgrading their Windows operating systems with bundled Office offerings, and the company sold products and licences worth Rs 1,973.94 crore in the country, according to a filing at the Registrar of Companies.
Having said that, there was also a pent up increase because of rise in licence prices. When you combine that with an average 8-10% growth across multiple markets in the country, especially tier-4 and tier-5 towns, this was expected,” said Sanchit Vir Gogia, chief executive, Greyhound Research.The company also said it changed its business model in India last year to include the sale of its retail products.
“On a small base, any growth is good,” said Gogia.
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