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…
News
The new FDI in E-commerce policy doesn’t help Amazon India’s users and sellers – Brian Olsavsky, Amazon CFO
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
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...
Advert
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...
News
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...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...