Zoho Corporation, a leading Indian business software company, revealed that it has surpassed the milestone of $1 billion in annual revenue. The company achieved this success due to its wide-ranging product portfolio.

During the Zoholics India conference, an annual event for Zoho users, the company further announced plans for increased investments in research and development. Zoho intends to establish 100 network PoPs (point of presence) worldwide over the next five years. Additionally, it plans to double its investments in technologies such as blockchain and artificial intelligence.

CEO and Co-founder Sridhar Vembu emphasized the importance of humility for technologists. He recognized that technology cannot create essential resources like food or energy. Moreover, Vembu acknowledged that the current state of the industry, combined with a deteriorating global economic outlook, serves as a stark reminder of the limitations faced by technologists.