Amazon triples Cloud services earnings from India to Rs 21.47 billion

Profits of the cloud services entities grew by over 10 times in the same period

US retail giant Amazon more than tripled its earnings to Rs 21.47 billion from cloud and data hosting services in India, while profits surged by more than 10 times to Rs 1.16 billion in the year that ended March 2018. 

Amazon Data Services India Pvt Ltd, which is into the business of data storage, protection, safety and recovery, and web hosting, posted a revenue of Rs 9.45 billion in FY18, while making a profit of Rs 879 million.

On the other hand, Amazon Internet Services Pvt Ltd, which is a reseller of Amazon Web Services (AWS) in India, posted a