Microsoft Corporation India records a 30% jump in net profit in FY23
The Indian arm of the US-based tech giant recorded a 39% jump in its revenue for the financial year 2022-23
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Published: Oct 19, 2023 2:23 PM | 1 min read
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Microsoft Corporation (India) Private Limited, the Indian arm of the global giant, recorded a 39% jump in its revenue for the financial year 2022-23 owing to its growing market in the country.
The company recorded Rs 19,354 crore as revenue for the year 2022-23, which includes revenue from products, and the sale of services.
It also saw a 30% jump in its recorded net profit for the same period totalling Rs 649 crore, according to Tofler.
The company’s total expenses grew 39.5% for the fiscal to Rs 18,472 crore from Rs Rs 13,241 crore in the previous year.
The company’s global parent is expected to announce its quarterly results next week.
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