A rise in software sales and software development has led to a nearly 30 percent spike in profits for Microsoft’s research arm in India. Microsoft India R&D also saw an increase in revenue, up 15 percent for its financial year.
As a bit of a refresher, Microsoft’s India research arm provides software, product, and development solutions to the region and Microsoft as a whole. Over the past few years, Microsoft’s activity and involvement in India have seen an increase, as more tech-oriented companies are now looking tohe area as the next influx of growth.
According to a report from The Times of India, Microsoft India R&D Pvt Ltd recently filed its yearly financials with the Registrar of Companies and the research firm claimed it raised a net profit of Rs 271.3 crore and revenues of Rs 2,635. Another observation made by the Times of India is that Microsoft India R&D saw its relatively strong performance come at the expense of others in the region. Perhaps, most notably are firms such as a struggling Yahoo company that is now retracting some of its operations in India and leaving a void for Microsoft to fill.
With projects such as Microsoft’s White Space Project, India bases commercial cloud service, and Microsoft VC’s investing in several startups in the region, the company appears to be heavily investing in its future in the area. Couple with increasing profits from its research arm, Microsoft’s efforts in India may begin to pay off soon for the company in larger ways.Further reading: India, Microsoft, Research