zoho: Zoho reports Rs 8,703 crore revenue in FY23, profit crosses Rs 2,800 crore
Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30% (year-on-year).
The Sridhar Vembu-led Zoho’s consolidated net profit was at Rs 2,836 crore, which increased marginally by 3% (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).
![]()
The Sridhar Vembu-led Zoho’s consolidated net profit was at Rs 2,836 crore, which increased marginally by 3% (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIM Kozhikode | IIMK Advanced Data Science For Managers | Visit |
| IIT Delhi | IITD Certificate Programme in Data Science & Machine Learning | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
In FY22, Zoho recorded a consolidated revenue of Rs 6,711 crore, reports Entrackr.
The company primarily generated revenue through the sale of its own enterprise IT management software and business application software, namely Manage Engine and Zoho.
In FY23, it additionally earned Rs 16.6 crore from its other operating activities.
Moreover, the company earned Rs 455 crore from interest and gains on financial assets in FY23, bringing its total revenue to Rs 9,158.9 crore, the report mentioned.
Discover the stories of your interest
According to TheKredible, employee benefit spending accounted for 50.5% of total expenditure. This cost increased 49% to Rs 2,722 crore in FY23, from Rs 1,827 crore in FY22.Other notable costs included advertising and promotional spending, which increased by 89.4% to Rs 1,354 crore in FY23 from Rs 714.8 crore in FY22.
During FY23, Zoho also incurred web hosting, data centre, legal, and other expenses, resulting in a 51% spike in total expenses from Rs 3,572 crore in FY22 to Rs 5,393 crore in FY23.
Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30% (year-on-year).
The Sridhar Vembu-led Zoho’s consolidated net profit was at Rs 2,836 crore, which increased marginally by 3% (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).
![]()
The Sridhar Vembu-led Zoho’s consolidated net profit was at Rs 2,836 crore, which increased marginally by 3% (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIM Kozhikode | IIMK Advanced Data Science For Managers | Visit |
| IIT Delhi | IITD Certificate Programme in Data Science & Machine Learning | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
In FY22, Zoho recorded a consolidated revenue of Rs 6,711 crore, reports Entrackr.
The company primarily generated revenue through the sale of its own enterprise IT management software and business application software, namely Manage Engine and Zoho.
In FY23, it additionally earned Rs 16.6 crore from its other operating activities.
Moreover, the company earned Rs 455 crore from interest and gains on financial assets in FY23, bringing its total revenue to Rs 9,158.9 crore, the report mentioned.
Discover the stories of your interest
According to TheKredible, employee benefit spending accounted for 50.5% of total expenditure. This cost increased 49% to Rs 2,722 crore in FY23, from Rs 1,827 crore in FY22.Other notable costs included advertising and promotional spending, which increased by 89.4% to Rs 1,354 crore in FY23 from Rs 714.8 crore in FY22.
During FY23, Zoho also incurred web hosting, data centre, legal, and other expenses, resulting in a 51% spike in total expenses from Rs 3,572 crore in FY22 to Rs 5,393 crore in FY23.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.