Amazon's Year-on-year Sales In India QuadrupleBy cheatmaster 01:49 Wed, 28 Jul 2021 Comments
E-commerce giant Amazon has revealed that its sales in India, which is one of the fastest growing markets for the company, has increased an impressive four times compared to last year.
"We are in the middle of the Diwali season that is going really well. Sales are 4x what they were last year," assumed the company's Senior Vice President and CFO Brian T Olsavsky, adding that the number of sellers has also jumped over 250% year-on-year.
"So, we are very encouraged, as I assumed last quarter in India, and continue to invest there very heavily," he said. For those who aren't aware, the US-based company announced last year that it will invest $2 billion in its India operations.
Amazon also recently announced its financial results for Q3 2015, revealing a 23% increase in sales to $25.4 billion, compared to the $20.6 billion that it recorded in the same quarter last year.
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