Simplilearn eyes 35-40% revenue growth in FY25
Simplilearn is aiming for revenue growth of 35-40% in fiscal 2025, cofounder and chief operating officer Kashyap Dalal said.
The Bengaluru and San Francisco-based company posted “roughly flat” revenue in fiscal 2024 and became profitable in the final quarter of the financial year, Dalal told ET, without giving details. It has yet to report the FY24 financial results.
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Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitIn the previous fiscal year ended March 2023, Simplilearn had reported revenue of Rs 701 crore, up 50% from the year before. Loss had widened 36% to Rs 244 crore during the year.
It is targeting around Rs 950 crore in revenue and full-year profitability in the ongoing FY25, he said.
On April 1, ET reported that Simplilearn was pulling out from certain categories and experiments to hit internal goals on profitability and make a public listing in India by 2026.
«During the 2020-2021 period, there were many different launches in terms of new product types, categories, business areas...There are areas like that (the initiatives launched in 2020-21) where we took a step back and said that right now, let's focus on certain areas that we can win,» Dalal said.
One such experiment was Simplilearn’s job guarantee scheme that it had heavily advertised. Under this programme, it promised employment to its
