BCCL
Amazon’s international business reported a surprising profit, after five quarters of continuous losses. So, the e-commerce giant’s international investments bets have finally taken off. Brian T. Olsavsky, Amazon’s Senior Vice President and Chief Financial Officer, while talking about the company’s new investment areas mentioned India is the biggest one.
“You also see our investments in new countries. Obviously, India is the biggest one, but also to a lesser extent, the Middle East, Brazil, Turkey and Australia are recent additions. So, there’s always an element of expansion going on there. Advertising is growing. So that’s a good source of profitability,” said Olsavsky.