wordpress blog stats
Connect with us

Hi, what are you looking for?

Google India Reported Rs 1162 Crore Revenue, Rs 150 Cr Profit For FY12

Google India Pvt Ltd (Google India) has reported revenues of Rs 1162.19 crore for the period ended 31st March 2012, up 36% from Rs 851.98 crore, according to a filing it made recently with India's Registrar of Companies. The company reported a Profit after tax of Rs 150.73 crore, up 9.7% from Rs 137.4 crore the previous fiscal. The Profit before tax was significantly higher, at Rs 229.38 crore, up 53.51% from 149.43 crore the previous fiscal; note the increased provision for taxation in the chart below. Profit available for appropriation was Rs 577.99 crore, up from Rs 427.25 crore the previous fiscal. What's particularly interesting is the revenue split for the company in the filing: Rs 462.26 crore for Information Technology Services, Rs 339.7 crore Information Technology enabled services, and Rs 268.27 crore in Domestic advertising services. And here we thought that Google India Private Limited is largely an advertising sales operation - and the largest online advertising business in India - and as it has told courts in India in the past, is merely a sales office for Google Inc. Note that recently, India's IT Department reportedly imposed a penalty of Rs 76 crore for misleading the department with deflating income, and crediting income to Google Ireland. More on that here. The company had foreign exchange earnings of Rs 797.51 crore and an outgo of Rs 20.33 crore for FY12. Google India's reserves stand at Rs 616,72,19,535, up from Rs 465,98,46,129 in FY11 and Rs 328,57,77,669 in FY10 About Google…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

"We believe the facts and the law are clearly on our side, and we will ultimately prevail," the company said on the enactment of...

News

Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.

News

The data leakage comes on the same day as the Reserve Bank of India (RBI) restricted Kotak Mahindra Bank from onboarding customers over online/mobile...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ