Why Did Apple CFO Mention Indian SaaS Tech Giant Zoho in Its Latest Earnings Call?

In a recent Apple earnings call, CFO Luca Maestri spotlighted Zoho, an Indian-origin SaaS technology giant, for its impressive adoption of Apple products among its global workforce. Over 80% of Zoho’s 15,000+ employees use iPhones for work, with nearly two-thirds choosing Mac as their primary computer.

What Happened? Maestri’s mention of Zoho during his prepared remarks ahead of the Q&A session post-Apple’s Q1 earnings highlights the Indian company’s significant presence in the tech world. Zoho, founded by Sridhar Vembu, stands out as a pioneering company, having reached a milestone of 100 million users. With a reach extending to over 150 countries, Zoho’s revenue stands at ₹8,200 crore.

See also: Record-Breaking Quarter In India Boosts Apple’s Global Earnings

Zoho Corporation is a major player in the global tech industry, specializing in software development and web-based business solutions. Serving over 7 lakh clients in 160+ countries, Zoho’s user base includes 100 million individuals. The company collaborates with top global brands like Apple, Netflix, and Amazon, contributing significantly to its revenue.

Notably, Zoho has achieved its growth independently, without external funding. This strategy has allowed the company to preserve its long-term vision and unique corporate culture, free from external pressures. The Indian market’s growth for Zoho is driven by sectors like banking, financial services, insurance, manufacturing, retail, and IT, underscoring its diverse and robust business model.

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Posted In: TechAppleLuca MaestriZoho