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Zoho Goes Over $1 Billion


DollarsCloud software vendor Zoho has exceeded $1 billion in revenue, the company said this month.

In the last two months, Zoho, based in Chennai, India, issued other statistics about its performance in 2022. That included an October announcement that Zoho One is being used by more than 50,000 companies, up 150 percent over the last two years.

It also said that 37.5 percent of new customers of that platform were coming from the mid-market and enterprise levels while the Zoho Finance Platform experienced 50-percent, year-over-year growth with more than half a million customers

Zoho’s home country has had a strong performance with revenue there growing by 77 percent last year. Despite topping the $1 billion mark, growth “has slowed down quite a bit in 2022 over 2021, CEO and Co-founder Sridhar Vembu, said growth “has slowed down quite a bit in 2022 over 2021.”

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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