Browser Testing Unicorn BrowserStack generates a profit of INR 75 Cr; Generates INR 418 Cr

Browser Stack

BrowserStack is an Indian cloud web and mobile testing platform that was founded in 2011 by Ritesh and Nakul in Mumbai. The company also has its offices in Dublin and New York. The company has more than 800 employees across the globe.

The company is primarily engaged in providing development, design, support, and implementation of computer software to develop the various products services to BrowserStack Limited which constitutes a single business segment.

As per the audited financial statements of the company, they have generated a revenue of INR 418.4 crores during FY22. Apart from the operating revenue, the company also earned INR 3.71 crores as non-operating revenue through interest on deposits, investments and net gain on foreign currency fluctuations.

As per the cost sheet, the company spent INR 267.8 crores on employee benefits. As of now, the company has 1000+ employees. They have spent INR 11.3 crores on software and subscriptions. During the year, the hosting charges also increased to INR 2.26 crores. 

The company has also spent INR 22.64 crores on rent and INR 4.48 crores on legal fees during FY22. With this, the total expenditure of the company went to INR 321.4 crores.

The company has finished its business operations for the accounting cycle with an overall profit of INR 75.3 crores.

Moreover, BrowserStack’s reserves escalated by around 70% to Rs 183.6 crore during FY22 and its cash flows from operating activities also turned positive to Rs 67.5 crore.

As per the financial analysis, the company’s EBITDA margin and ROCE stood at 25.94% and 52.39% respectively at the end of FY22. It has been observed that they have spent INR 0.77 to earn INR 1 as revenue.

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