Amazon’s net profit stood at $749 million for the quarter ended December 2016, up 197.2% from $252 million the preceding quarter and 55% from $482 million in the same quarter last year. Net sales stood at $43.7 billion growing 22% from $35.7 billion in the same quarter last year. On a sequential basis, net sales increased 33.64% from $32.7 billion. The company’s CFO, Brian Olsavsky, reiterated India as an important area of investment to its operations. “It’s still very early (the market). We continue to say that, but we are very encouraged with what we've created with customers and sellers alike in India over the last few years. We continue to develop new functionality for that country, whether it's delivery, whether it's seller features. We will continue to build our business there and continue to do a great job for both customers and sellers. We're bullish on India longer-term and it's early. But we like the initial engagement we're seeing and the response from, again, both customers and sellers,” he said on a call with analysts. Amazon has been pushing its India investments - In December the company made a fresh investment of Rs 2010 crore into its India unit taking the overall investment in India to Rs 7,000 crore in this financial year. The company mentioned that their continued investments in India, video, fulfillment centres and Prime weighed down on their overall profitability. More notes from the analyst call: Amazon expanded Prime video to 200 countries: Amazon mentions that…
