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Amazon to continue investment in India post pandemic

October 31, 2020

Amazon to continue investment in India post pandemic

Global e-trade giant Amazon Inc. Noticed its revenue touch $96.1 billion in the September zone, up 37% from a 12 months in the past, as sales rose.

The organisation, which declared its outcomes early on Friday morning, clocked internet income of $6.3 billion as compared to $2.1 billion in the yr-in the past quarter.

The corporation will hold to spend money on worldwide markets, in particular in India, as volumes develop, said chief monetary officer Brian Olsavsky.

Olsavsky stated in an income call, “I would say generally we’re nevertheless making an investment in advance of the US in a variety of dimensions the world over (in) such things as Prime advantages, things like devices, such things as global expansions we’re committed to continuing that (stage of investments) even after the pandemic and together with the worldwide phase, of route, is India, in which we’ve had a totally strong Prime Day and Diwali is off to a terrific start”.

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