On its Q4FY19 earnings conference call, the Amazon leadership was asked multiple questions about the outlook for its India business. Here are the most pertinent responses: On the Indian FDI in ecommerce policy, the company's CFO Brian Olsavsky said, "... There is much uncertainty as to what the impact of the government rule change is going to have on the e-commerce sector there.... Our main issue and our main concern is trying to minimize the impact to our customers and sellers in India. We've built our business around price selection and convenience. We don't think the changes help in those dimensions for both the customers in India and also the sellers." Olsavsky: "The new regulations... need to make sure they don't have unintended consequences. And again, I don't think it's necessarily consistent with better price, better selection and better convenience for the Indian customer. So it's not all we can say on that topic right now." Amazon has reported operating income of $3.8 billion for the quarter ended 31 December 2018 (Q4FY19), up from $2.1 billion in Q4FY18. Its net sales were up by 20% to $72.4 billion, up from $60.5 billion in Q4FY18. Excluding the impact of foreign exchange rate changes in the year, net sales increased by 21% as compared to Q4FY18. Amazon's net income was up to $3 billion, from $1.9 billion in Q4FY18. Operating cash flow increased 67% to $30.7 billion for the trailing twelve months, compared with $18.4 billion for the trailing twelve months ended December…
- DPDP Bill, 2022: A Small Amendment May Impact Indians’ Rights to Information and Accountability November 28, 2022
- Why has the Indian central bank stopped Paytm from onboarding new online merchants? November 28, 2022
- U.S. Prohibits Imports of Blacklisted Communications Gear Over National Security Concerns November 28, 2022
- Three arrested for flying drone during PM Modi’s visit to Bavla, Gujarat November 28, 2022
- New Instagram Reels Competitor, Platform, To Be Launched In January 2023 November 28, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...