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Google India FY20 revenue rises 35% to ₹5,594 cr, profit rises 24%

Google India reported a 24% increase in profit to Rs 586 crore for financial year 2019-20, according to regulatory filings accessed by business intelligence platform Tofler. Revenue rose 35% to Rs 5,594 crore, it said. The company reported total expenses as Rs 4,455 crore in the period. It earned 73% of its revenues from IT and IT-enabled Services in India and 27% from advertising, according to the disclosure. Google is the dominant player in search and earns a large part of its revenues from advertising globally from the Google search platform.

News source ~ Economic Times