Google India sees 16% rise in profit in FY19

Google has said in its annual report that its advertising business accounts for nearly 28% of its revenue

e4m by exchange4media Staff
Updated: Oct 23, 2019 5:51 PM
Google

Google India has recorded a 16 per cent increase in profit to Rs 473 crore in FY19, as per media reports.

The company’s profit quotient has seen a jump after it reduced expenses by 61% to Rs 3,416 crore in FY19 from the previous financial year’s Rs 8,711 crore.

The company’s business in India has, however, seen its revenue drop by 55.5% from FY18’s Rs 9,337 crore to FY19’s Rs 4,147 crore.

As per media reports, the fall has been due to the implementation of Indian Accounting Standards.

Google has said in its annual report that its advertising business accounts for nearly 28% of its revenue.

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