[What the Financials] Zoho’s Profit Streak Continues As FY20 Revenue Crosses INR 4300 Cr

[What the Financials] Zoho’s Profit Streak Continues As FY20 Revenue Crosses INR 4300 Cr

SUMMARY

On a consolidated basis, Zoho Corp’s profit increased to over INR 800 Cr in FY2020

The company doubled its profit on a standalone basis, whereas its revenue almost touched INR 2500 Cr

About 54% of the company’s total spending went into employee benefits, representing a 10% increase from FY2019

Chennai and San Francisco-based software-as-a-service (SaaS) giant Zoho Corp has reported a 29% increase in its consolidated revenue in the financial year 2020, as it continued its profitability streak for yet another year. The bootstrapped company ended FY20 March with INR 4,385.99 Cr in revenue, a sharp spike from the INR 3,410.74 Cr it had reported in the previous year.

On a consolidated basis, the Sridhar Vembu-led company’s expenses also increased by 14.15% to INR 2,913.77 Cr, leading to a 55% jump in profit to INR 800.86 Cr. Last year, the SaaS unicorn had reported expenses worth INR 2,552.67 with a profit of INR 515.88 Cr.

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