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Salesforce India's growth slips, but $l-bn revenue seen
Mint Mumbai
|November 23, 2023
US-based customer relationship management (CRM) giant Salesforce, which has been growing at breakneck speed in India with annual growth rate pegged at around 70% over the last eight years, saw a deceleration in the country last year, albeit still clocking above-average growth numbers.
Indeed, even if the firm decelerates further, as is natural with any company that gains scale, given the momentum, it is likely to breach the $1-billion (₹8,300crore) mark in the country in the year ending March 2024, as per numbers collated by TechCircle.
The company clocked 50.2% growth in FY23 with revenues hitting ₹6,590 crore. Net profit, too, jumped in tandem to ₹635 crore, as per information compiled by data platform VCCEdge.
This story is from the November 23, 2023 edition of Mint Mumbai.
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