Microsoft India Turnover Rises 30%

Microsoft could have crossed the billion dollar sales mark with revenues of Rs 6876 crore

Microsoft Corporation India's standalone turnover rose 30 per cent to Rs 6,057 crore in 2016-17, from Rs 4,633 crore in the previous year, as per filings with the Registrar of Companies (RoC). The company's net profit increased 34 per cent to Rs 416 crore. The company, in its filings, said it has discontinued the business of marketing, sales and distribution of Microsoft mobile device and accessories effective November 2016 and the financial numbers have been adjusted both years to make them comparable.

Including the segment, Microsoft could have crossed the billion-dollar sales mark with revenues of Rs 6,876 crore.

Retail software products business grew 33 per cent to Rs 5,542.7 crore. Revenue from services grew Rs 406 crore, a 29 per cent growth while search online-advertising revenues declined 52 per cent to Rs 32 crore, from Rs 66 crore.

Microsoft has been investing in India as one of the company's key growth markets. The company has spent millions of dollars building three cloud data centres in the country in an attempt to win data from corporates who are sometimes governed by data sovereignty requirements.

Microsoft competes with Amazon Web Services, IBM and Google in the cloud space but the company does not break out the revenue for its Azure cloud platform.