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Amazon beats Covid-19 pandemic woes, clocks $345-million profit

Says focus on digitising Indian small businesses

Brian T Olsavsky, senior VP & CFO, Amazon
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“There’s a bit of a forward investment on Prime benefits in established countries. But what you also see are investments in new countries. Obviously, India is the biggest one,” said Brian T Olsavsky, senior VP & CFO, Amazon

Peerzada Abrar Bengaluru
Amazon clocked a profit of $345 million in its international business, helped by an increasing number of people buying online. The e-commerce giant is witnessing such profits in its global business for the first time, as the past few quarters had reported losses. 

Amazon’s net sales increased 40 per cent to $88.9 billion in the second quarter, compared with $63.4 billion in second-quarter 2019. Despite the pandemic, Amazon’s net income doubled to $5.2 billion in the second quarter, compared with net income of $2.6 billion in the same period in 2019. 

“The international segment was profitable this quarter, and that’s a great

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First Published: Jul 31 2020 | 10:29 PM IST

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