23-April-2024
Corporate News
 
Google India revenue grew 35% to Rs 5,594 crore in FY20, profit rose 24%
28-Nov-2020

Google India Private Limited, the Indian arm of the tech giant that gets most of its revenue from paid advertising, reported Rs 5,594 crore in revenues for 2019-20. This was 35 per cent higher than the previous year, show regulatory documents sourced from business intelligence platform Tofler. The company also reported a net profit of Rs 586 crore during the financial year, up 24 per cent from a year earlier. The company’s total expenses in 2019-20 were Rs 4,455 crore. Advertising revenue contributed about 27 per cent to the company's turnover. The share of IT-enabled services stood at 32 per cent, and that of IT services was at 41 per cent.

News Source:- https://www.business-standard.com/article/companies/google-india-revenue-grew-35-to-rs-5-594-crore-in-fy20-profit-rose-24-120112601627_1.html