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.”