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Microsoft India revenue rises 39% in FY23 on services boost
Mint Mumbai
|October 20, 2023
Microsoft Corp. India Pvt. Ltd, the company responsible for sales and marketing of Microsoft products in the country, saw its operating revenue rise 39% to ₹19,229 crore in the year ended 31 March from the previous year, according to its regulatory filing with the ministry of corporate affairs’ registrar of companies on Thursday.
Net profit for the year rose 30% to ₹649 crore, while employee benefit expenses increased 16.5% for the year to ₹1,411 crore.
Microsoft’s growth in the country has been largely driven by a rise in revenue from its services offerings, its financial filings sourced by Mint through business intelligence platform Tofler showed. Revenue from the sale of services grew 46.4% to ₹13,103 crore, up from ₹8,951 crore a year ago.
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