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E-commerce giant Amazon remains bullish on India, introducing new features for customers and sellers, even as the region continues to weigh heavy on the US-based company’s finance.
“I’d point out that India continues to be a rather large investment for us... So, it’s still very early. We are very encouraged with what we’ve created with customers and sellers alike in India over the last few years. We continue to develop new functionality (for India)..., whether it’s delivery or it’s seller features,” Amazon CFO Brian T Olsavsky said during a conference call.
“We’re bullish on India (for) longer-term,” he said.
For the December quarter, Amazon’s international business posted an operating loss of $487 million, up significantly from $108 million in the year-ago period.
Operating income from Amazon Web Services was up 59.6 per cent to $926 million during the said quarter.
Overall, net sales were up 22 per cent to $43.7 billion in the fourth quarter.
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