Amazon's Cloud arm AWS hits annualised sales run rate of over $85 bnE-commerce behemoth Amazon has reported $21.4 billion in net sales for its Cloud arm Amazon Web Services (AWS) -- up 20 per cent year-over-...
03 Feb, 2023, 06.11 PM IST
Amazon sees resilient consumer demand as shares jump 13%Shares of the world's largest online retailer rose 13% in trading after the bell, extending its market valuation by more than $150 billion.
29 Jul, 2022, 11.16 AM IST
Amazon sales growth slows in tame start to Jassy's tenure as CEOMore than a year into the COVID-19 pandemic, Amazon's financial luster is fading slightly. When brick-and-mortar stores closed, Amazon post...
30 Jul, 2021, 08.19 AM IST
Amazon says its Diwali sales off to a good startThe US-based e-retailer saw its net sales increasing 37 per cent to USD 96.1 billion in the third quarter of 2020 from about USD 70 billion...
31 Oct, 2020, 06.56 AM IST
Amazon says its Diwali sale in India is off to a good startThe comments came on the back of Amazon posting a 37% year-on-year growth in international sales to $25.2 billion in the quarter that ended...
30 Oct, 2020, 09.11 PM IST
Amazon sees possible 2nd-quarter loss as it forecasts $4 bn in COVID-19-related costsThis quarter, with government-mandated lockdowns in full swing, Amazon said it could see a 28% rise in revenue to $81 billion.
02 May, 2020, 08.39 AM IST
Covid-19 impact: Curbs on e-commerce upset Amazon’s cart in IndiaAmazon’s India business is operating at less than 10% of its gross merchandise value.
02 May, 2020, 07.51 AM IST
Amazon brings 1-day delivery for prime, Q1 profit exceeds estimatesAmazon chief financial officer Brian Olsavsky later put the attention back on Amazon Prime, the subscription programme that helped make the...
26 Apr, 2019, 11.33 PM IST
Amazon's international losses fall for first time since 2016Amazon reiterated its commitment to invest in India during the earnings call for the second quarter, which saw significant developments for...
27 Jul, 2018, 12.15 PM IST
Amazon sees 29% jump in global losses on India businessOn an overall basis, Amazon more than doubled its quarterly profit to $1.6 billion on the back of Amazon Web Services (AWS) and its adverti...
28 Apr, 2018, 11.04 AM IST
Amazon's international losses up four fold to $487 millionNet sales for the international business went up by 18% to $13.96 billion during the fourth quarter. In the third quarter of 2016, Amazon's...
03 Feb, 2017, 09.52 AM IST
Amazon's Jeff Bezos singles out India in bumper Q2Amazon's results in the quarter beat all expectations. Its net sales went up 31%, with both global web retail sales & cloud services growin...
30 Jul, 2016, 03.33 PM IST
India invention wows Amazon's chief financial officer Brian Olsavsky, to invest moreAmazon has invested more than Rs 15,000 crore in its e-commerce operations in India and is seen to be inching closer to market leader Flipk...
30 Apr, 2016, 11.08 AM IST
Amazon CFO Brian Olsavsky reiterate that India is one of Amazon's biggest investment areasTo improve product discoverability, Amazon also introduced Sponsored Products initiative in the second half of 2015.
29 Jan, 2016, 05.08 PM IST
Amazon continues to invest 'very heavily' in IndiaThe company has been adding 40,000 products a day so far this year on its platform and the number of sellers has grown more than 250%.
25 Oct, 2015, 02.56 PM IST
Surprised by growth, Amazon ups India focusLast year, CEO Jeff Bezos had announced a $2-billion investment in Amazon's e-commerce business in India, the country that is seen to be gr...
27 Jul, 2015, 12.04 PM IST
Amazon is definitely still playing the dangerous game called 'race to zero'Amazon delighted investors on Thursday by posting a rare profit, helped in large part by its profitable cloud computing business, Amazon We...
25 Jul, 2015, 02.20 PM IST