The Silicon Review
12 October, 2018
Google India sees a rise in its revenue by 29 percent to Rs 9,338 crore in financial year 2017-18 according to regulatory documents. Last year, the company generated a revenue of Rs 7, 239.5 crore as mentioned by the market intelligence firm, Tofler. After taxes, the net profit rose to Rs 407 crore against RS 306.6 crore last year.
According to the Registrar of Companies (RoC) filings, almost 70 percent of Google’s revenue was generated from its advertising business. Marketers and advertising experts say that both Google and Facebook are powerful advertising platforms and they compete for digital dominance while catering to the unique business needs. Sam Balsara, Chairman, Madison World, said, “Google and Facebook command close 80% of the entire digital industry. The digital advertising industry in India is growing faster than most countries in the world exhibiting almost 30% growth for the last 5 years. It is at the forefront of digital revolution and adoption.” Its IT and IT-enabled services for the US-based company’s operations contributed to the rest of its revenue. Further, Google will continue its efforts to deliver its cloud and payments services and invest heavily in the highly competitive Indian market.
Google is also developing region-specific products to cater to individual needs of the nation and other markets in the US. It also launched its mobile payments and commerce app called Google Pay, initially named Tez that has more than 25 million active users.
There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...
Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...
This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...
After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...