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

e4m by e4m Staff
Published: Oct 19, 2023 2:23 PM  | 1 min read
microsoft
  • e4m Twitter

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.

Published On: Oct 19, 2023 2:23 PM