BENGALURU: Amazon’s international business (outside the US), which includes India, recorded a third consecutive quarter of profits. Profits stood at $363 million for the December quarter, compared to a loss of $617 million in the year-ago quarter.
Overseas sales jumped by over 54% to $37 billion. That’s about 30% of Amazon’s total revenue in the quarter of over $125 billion.
It was a record quarter, aided by holiday sales in the US and pandemic induced increased demand for online shopping.
Amazon has been steadily investing in India as one of its largest markets outside the US. It infused around $1.5 billion in various India units related to the e-commerce business in the financial year ended March 2020.
