new delhi etailing giant amazons net profits tanked 77 per cent to usd 197 million rs 1264 crore in the june quarter hurt by wider losses in international operations but said it remains committed to investing in india amazons operating losses in its international business widened to usd 724 million rs 4646 crore in june 2017 quarter against a loss of usd 135 million in the yearago period its revenues on the other hand jumped close to 25 per cent to usd 375 billion operating income of amazons north america business fell 38 per cent while that from amazon web services aws rose 27 per cent despite widening losses amazon remains committed to making further investments in india we continue to invest in india we are very hopeful with the progress we have made with sellers and customers alike in india and we see great momentum and success there so we continue to invest and we have some of our best people in that business amazon chief financial officer brian t olsavsky said in an investor call explaining the companys strategy he said we continue to invest in as i said fulfilment capacity and logistics services digital video india the buildup at the aws infrastructure all the things i mentioned not to mention prime now and amazon fresh and prime benefits the seattlebased company which is locked in an intense battle with flipkart in india has been aggressively pumping in money across its units here including ecommerce and payments since january this year it has pumped in usd 600 million rs 3800 crore it had committed investments worth usd 5 billion to the indian market last year amazon india which has recently completed four years of operations has been directing its investments towards building warehouses strengthening logistics and increasing product assortment besides money is also being invested in marketing and promotions as the company looks to bring more consumers into shopping online on its platform in april flipkart had raised usd 14 billion in funding from tencent ebay and microsoft it is also believed to be in discussions to buy smaller rival snapdeal that is expected to further intensify the battle pti published on jul 29 2017 at 0821 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app amazon india investments profit flipkart aws snapdeal brian t olsavsky homenewsamazon q2 net profit down 77 remains committed to india