Wednesday , April 24 2019

Microsoft India software revenue shoots up 50%

Microsoft India

Bengaluru: Satya Nadella seems like to have a golden touch. Not only has he renovated Microsoft, the company’s revenue in India from its warship software products business poured by 50% last year. The overall revenue raised by 100%, helped by the launch of its mobile devices business in that year, the business it picked up by Nokia.

Microsoft Corporation India‘s standalone turnover raised to $912 million (Rs 6,201 crore) in 2015-16, from $457 million (Rs 3,111 crore) in the previous year, as per filings with the Registrar of Companies (RoC). This means if the revenue raises just 10% this year, it will touch $1 billion. The company’s net profit and cash on books more than doubled to $40 million and $199 million respectively.

The retail software products business raised to $612 million (Rs 4,168 crore), from $410 million (Rs 2792 crore).Revenue from services grew to $46 million, from $39 million, an 18% growth. Revenue from search online-advertising grew to $9.6 million, from $7.32 million, a 31% growth. And revenue from mobile devices & accessories was $238 million; awake from zero the earlier year.

Microsoft India recently said it has been a year of wonderful cloud adoption in the country. It launched data centers in India late previous year. Microsoft India Chairman Bhaskar Pramanik said 52 of the top 100 Indian companies listed on the BSE today usage of the Microsoft cloud. Cloud adopters include HDFC, Bank of Baroda, Axis Bank, Kotak Mahindra Bank, Fortis Healthcare, Apollo Hospitals and Narayana Health. Pramanik said e-commerce pioneers Paytm, Just Dial and Snap deal are using its machine learning technologies and digital assistant Cortana.

Nadella is credited with turning the company around focusing on its cloud offerings such as Office 365 and Azure. He is also progressively focusing on how artificial intelligence can change the game for businesses to automate routine tasks across industries. “In fact, AI is already working on your behalf to predict and systematize tasks in many of the products you use today, such as handwriting recognition in Windows 10, the facial acknowledgement in Windows Hello feature, voice acknowledgement of Cortana, language translation in Skype and the input recognition in the Swift Key keyboard on your iOS or Android devices,” he said in a recent investor call.

In India past year, revenue from software product licenses and fully-packaged products contributed 67% of global revenue, mobile devices accounted for 27%, and income from service and search was 5% and 1% respectively.

Facebook Comments
Rate this post

About admin

Check Also


Sapthagiri LLB Movie Review

Saptagiri LLB is a remake of director Subhash Kapoor’s Bollywood hit Jolly LLB. Sapthagiri, a ...