Amazon cloud business grew 54% in India in FY20

Amazon Internet Services, the Indian unit of cloud computing provider Amazon Web Services, reported a 54% jump in revenue to Rs 4,216 crore in fiscal year 2020, regulatory filings sourced by business intelligence platform Tofler has revealed.

The company reported a net loss of Rs 20 lakh during the financial year. Total expenses were at Rs 4,178 crore.

The company, which is in the business of data processing, hosting and related activities, is the Indian subsidiary of the Amazon Group that resells and markets A WS Cloud services in India.