MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Google’s Indian operations see a total revenue of Rs 9,338 crore in FY18

Google’s Indian operations see a total revenue of Rs 9,338 crore in FY18

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.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED