Amazon reported a net profit of $482 million for the quarter ended December 31, 2015 (Q4 2015) showing a growth of 125% from $214 million in the same quarter last year. The company also posted revenues of $35.75 billion in the quarter, a growth of 21.88% from $29.33 billion in the same period last year. Though the company gave a lower revenue guidance of $23-26 billion for the following quarter citing weak macro-economic conditions and foreign exchange fluctuations. Here are a few takeaways from their earnings and call with analysts: India continues to be focus of investment Amazon chief financial officer Brian Olsavsky said that India continues to be Amazon's biggest investment area. "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. And sales by sellers in Q4 were greater than all of 2014 combined in Q4," he added. Downloads of the Amazon.in mobile shopping app grew faster in the fourth quarter than any other e-commerce app in India, according to app analytics firm App Annie. Though Amazon declined to give further details about shopping on mobile. In the preceding quarter, Amazon had said that it added 40,000 products per day this year and has 30 million products on it platform. Olsavsky also mentioned at the time that 90% of the sellers in Amazon India use the company’s warehouse and logistics services. Amazon web services Amazon Web Services (AWS), the company’s cloud computing arm, had sales of $2.405 billion, a…
