Had a strong Prime Day in India, Diwali off to a good start: Amazon CFO

Amazon clocked a profit of $407 million in its international business, helped by an increasing number of people buying online.

Amazon’s net sales increased 37 per cent to $96.1 billion in the third quarter, compared to $70.0 billion in third-quarter of 2019. Despite the Coronavirus (Covid-19) pandemic, Amazon’s net income tripled to $6.3 billion in the third quarter, compared to a net income of $2.1 billion, in the same period in 2019.

The e-commerce giant will continue to invest in international markets including India, where the volumes are growing. Brian T Olsavsky, senior vice-president and chief financial officer, Amazon, said the company is seeing an advancement of volume and very strong volume, especially in countries in Europe and Japan. The company may be putting away future volume onto this year’s cost structure