Bootstrapped Software-as-a-Service (SaaS) leader Zoho Corporation has reported a consolidated revenue of ₹12,313 crore for the financial year 2024-25, marking a 17.8% year-on-year increase. According to filings sourced via Tofler, the firm’s total income, bolstered by other income sources, reached ₹13,543 crore. Despite this top-line growth, net profit saw a slight decline to ₹3,191 crore from ₹3,299 crore in the previous fiscal year, reflecting a broader industry trend of rising operational costs.
The Sridhar Vembu-led organization experienced a 30.5% surge in total expenses, which climbed to ₹9,216 crore. This increase is attributed to significant investments in artificial intelligence and physical infrastructure, with depreciation and amortization expenses rising to ₹741 crore. Other expenses, including marketing and legal costs, also jumped to ₹4,114 crore. These figures emerge as global enterprise software spending remains uneven, prompting many SaaS entities to prioritize long-term infrastructure over immediate profit margins.
Notably, Zoho’s balance sheet remains robust, with cash and cash equivalents rising sharply to ₹1,878 crore. While the tax outgo increased to ₹1,112 crore, the company continues its trajectory of consistent scale, having grown from a revenue of ₹6,711 crore in FY22 to its current position as a dominant force in the global software landscape.
With a robust balance sheet and a “Make in India” focus, Zoho is positioning itself to lead the global SaaS market’s shift toward integrated, AI-driven enterprise solutions.
