The country based multinational technology unicorn Zoho has recorded that the company has witnessed the profit surpassing Rs 2700 Cr on Saturday, 28th January 2023.
The company reported that it generates the revenue from the operations it carries out. As per the exports, the company has gained the profit of Rs 6,711 Cr in the current Fiscal year. Whereas in the past Fiscal year the FY 21 the company has reported the revenue of Rs 5,230 Cr, which implies that this year the Technology unicorn Zoho has marked the 28.3 percent higher revenue this year than the past Financial Year, according to the company’s financial statement made with the Registrar of Companies (RoC).
On the other hand, the company also reported the expenditure made, which is 18 percent higher in the Fiscal Year 22. Amongst the total expenses made, the company reported that 51 percent of the expenses were due to the Employee benefits, which accounts to 1,827 Cr for this year.
As the company have reported that it generates the revenue from the operations carried out by it and the operations carried in North American Continent yields the company with the highest amount of revenue amounting 3,198 Cr whereas, operations carried out in Europe generates revenue of 1,505 Cr INR
About the company Zoho
The Software-as-a-Service or SaaS Unicorn Zoho was established in the year 1996 by the co-founders Sridhar Vembu, Tony Thomas, and Sreenivas Kanumuru. The Headquarters of the company is based in Chennai, Tamil Nadu. The company offers its services by designing and manufacturing the computer soft wares and other web related equipment for businesses.
The company has spread its roots in 150 countries around the world and has recently recognized as the unicorn by crossing the valuation beyond 1 billion US dollars in the year 2021.
The company has also wishes to start around 100 network Points of Presence (PoPs) in the coming five years across the world in order to provide the users with the better network facilities and also to infuse in artificial intelligence (AI) and the blockchain Technologies.
Photo Credit-Times Of India
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