Microsoft India’s Research and Development wing — an arm which provides software solutions to enterprise clients within India, has recorded a strong 30% ump in profits for the ending financial year, as per an RoC filing. (via ET)
The filing reveals a net profit of ₹271.3 crore (₹209.48 crore) for the year through March 2015 — which though is hugely minuscule when compared to Microsoft’s US or China revenues, still shows how valley based companies have started to earn major money from their Indian subsidiaries.
As for revenues, that figure saw a 15% jump as compared to last year, standing at ₹2,635 crore.
As per filings, Microsoft India R&D provides product support services, software development services and other support services, primarily for Microsoft. The company said it would not pay out a dividend for the year in order to “conserve resources keeping in view the expansion plan”.
The software development division was the major contributor for company’s revenues this financial year. The division posted revenue of Rs 1,988.4 crore, while product support services reported ₹598.7 crore.