India is one of Amazon's biggest investment areas, says CFO Brian Olsavsky

Sellers on Amazon's India marketplace sold more products in the fourth quarter of 2015 than in all four quarters combined in 2014, Amazon CFO Brian Olsavsky said during the company's earnings conference call, without disclosing any specific numbers on its India business.

Earlier today, Amazon posted record profits of $482 million for the December-ended quarter on total sales of $35.75 billion. This was the largest quarterly profit in the company's 20-year history and more than double from its $214 million profit in the same quarter last year.

During the conference call, Olsavsky reiterated that India is one of Amazon's biggest investment areas and the company is continuing to invest in its Indian operations.

"In Q4, Amazon India was the top e-commerce site in India throughout the very busy diwali shopping season, including the shopping season, according to comScore.” Olsavsky said, adding that they are seeing "great progress with downloads, innovations for sellers and customers alike”

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