Info-tech

Google India turnover jumps 29% to ₹9,338 cr in FY18

Priyanka Pani Varun Aggarwal | Updated on October 11, 2018 Published on October 11, 2018

File photo: India could be Google’s next big frontier for growth in the cloud business as it expects business to triple year on year for the next five years in the country.   -  REUTERS

Google India Private Limited has posted a 29 per cent jump in its turnover at ₹9,338 crore in fiscal 2018. Revenues in the previous fiscal had witnessed a 22 per cent jump at ₹7,809 crore. Google was just short of few hundreds of a ₹10,000-crore mark sales.

Google India, which gets most of its revenue from paid advertising, has posted a healthy profit at ₹407 crore, up 33 per cent from ₹306 crore in the year ago period, as per its RoC filings accessed on business intelligent platform Tofler.

The company’s total expenses for the fiscal have gone up to ₹8,700 crore as against ₹6,700 crore last year as it continues to focus and invest heavily on its cloud business and advertising. The employee costs have also shot up. The company employs over 5,000 tech professionals, developers, data scientists and engineers in India.

BusinessLine had reported in June that India could be Google’s next big frontier for growth in the cloud business as it expects business to triple year on year for the next five years in the country.

Google, which set up its first India data centre in Mumbai just seven months ago, is already seeing a huge spike in its customer base. While several companies were using Google cloud services even before the internet giant brought its data centre to India, better data transfer speed is also helping Google grow its revenues in the country.

“We had a solid base even before the launch in the Mumbai region. A lot of customers were on the G-Suite. With the Mumbai region launch, we saw that there is a lot more that we can do with Google cloud around infrastructure-as-a-service or platform-as-a-service,” Rick Harshman, Managing Director, Google Cloud Platform, APAC, told BusinessLine.

Harshman said Google has grown its headcount and revenue by three times in the past seven months in its India cloud division. “We’ve grown our team 3X in the last seven months — that is across sales, partners, professional services, customer engineering, marketing. Each function has more than tripled in size. The more higher value customers we engage with, the higher expectations they’ll have. We are investing heavily in building these teams out,” Harshman said.

Harshman said he expects to see the 3X revenue growth year on year, to continue for the next three-five years.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 11, 2018
This article is closed for comments.
Please Email the Editor