Fri, Jun 23, 2017 | updated 02:16 PM IST

Amazon quarterly profit jumps nine-fold to USD857 million

Updated: Jul 31, 2016 15:49 IST      
Amazon quarterly profit jumps nine-fold to USD857 million

New Delhi, July 31 (ANI): Online giant Amazon in its statement announced profit in the second quarter to surge nine-fold to USD 857 million, lifted by cloud services as the tech giant expanded its offerings.

As per the statement, the revenues jumped 31 percent to USD 30.4 billion. While Amazon developed a reputation for delivering little or no profit in its retail operations, its earnings have been growing over the past year as it expands into video and new delivery services and boosts its cloud computing unit, Amazon Web Services (AWS).

The strong profit came a year after earnings of USD 92 million which began a string of improvements for Amazon. Amazon shares rose 1.5 percent in after-hours trade.

The company has also been building loyalty with its Amazon Prime subscription service, which provides access to its online video and music as well as fast delivery for most items.

"It's been a busy few months for Amazon around the world, and particularly in India, where we launched a new AWS region, introduced Prime with unlimited free shipping, and announced that Prime Video is coming soon, offering prime members in India exclusive access to Amazon Original Series and Movies including original content featuring top Indian creators and talent," said Amazon founder and chief executive Jeff Bezos.

"Amazon said its second annual ' Prime Day' sale was the biggest day ever for Amazon, and was also a record day for Amazon devices globally," the statement added. (ANI)

ItzCash enables Bharat QR on its PoS terminals

Updated: Jun 23, 2017 13:58 IST     

New Delhi [India], June 23 (ANI): ItzCash has announced rolling-out 'Bharat QR code' feature across its retail network. Now scan and pay money with ItzCash's Point-of-Sale devices by simply flashing your cell phone.

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Zydus Wellness announces national launch of Sugar Free Green

Updated: Jun 23, 2017 09:22 IST     

New Delhi [India], June 23 (ANI-BusinessWire India): Sugar Free, the market leader in the sugar substitute category in India with a market share of over 94 percent, announced the national launch of its new variant - Sugar Free Green.

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New Delhi [India], June 23 (ANI): IBM has announced a study conducted by the IBM Institute for Business Value (IBV) in cooperation with the Economist Intelligence Unit, to evaluate India's growing skills challenge and proposed recommendations to bridge the gap.

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New Delhi [India], June 22 (ANI): Pawan Kumar Agarwal, Chief Executive Officer of the Food Safety and Standards Authority of India (FSSAI) said Thursday that the FSSAI is committed to ensuring robust and unambiguous standards for food supplements with the help of industry.

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MSMEs all set to embrace GST challenges

Updated: Jun 22, 2017 18:00 IST     

New Delhi [India], June 22 (ANI): The CII MSME Summit titled, 'Breaking Barriers to Excellence: Unlocking Hidden Potential,' echoed the preparedness of MSMEs to adopt the GST regime.

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Paris [France]/Mumbai [India], June 22 (ANI): Reliance Defence Limited, a fully owned subsidiary of Reliance Infrastructure Limited signed a Memorandum of Understanding (MOU) at the Paris Air Show with Daher Aerospace, France, a leading supplier of integrated systems for Aerospace and Advanced Technologies.

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New Delhi [India], June 22 (ANI-NewsVoir): Parry Nutraceuticals, a division of EID Parry and part of the Murugappa Group has forged a partnership with Synthite Industries to apply proprietary patented technologies for extraction of Phycocyanin, a natural blue pigment found in Spirulina.

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New Delhi [India], June 22 (ANI-NewsVoir): Consumption of cricket-related content exceeded 0.75 billion on UCWeb Platforms - UC News and UC Browser, for the latest edition of IPL 2017 and the recently-concluded ICC Champions Trophy 2017, according to a data report, titled Insights into India's Cricket Frenzy, released by UCWeb.

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Jaago Re 2.0 drives pre-activism in India

Updated: Jun 22, 2017 17:52 IST     

New Delhi, June 22 (ANI): Tata Tea launched its iconic campaign Jaago Re 2.0 - 'Alarm Bajne se Pehle Jaago Re' - earlier this year urging people to pre-act before tragedies hit.

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Tochigi/Tokyo [Japan], June 22 (ANI): Come spring and the worlds' most beautiful wisteria can be found blooming in Japan's Tochigi Prefecture.

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Yeh Hai India slated to release on August 4, new poster out

Updated: Jun 22, 2017 17:14 IST     

New Delhi [India], June 22 (ANI-NewsVoir): The patriotic film, Yeh Hai India on Thursday launched a brand new poster and also announced that the movie will be releasing on August 4, 2017. The release date for the movie was announced by General V. K. Singh at a private function in New Delhi where he also saw the movie.

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GoDaddy launches business email solutions for small firms

Updated: Jun 22, 2017 16:54 IST     

New Delhi [India], June 22 (ANI): GoDaddy, a cloud platform dedicated to small, independent ventures on Thursday announced the launch of its new 'Business Email' service for small businesses in India.

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New Delhi [India], June 22 (ANI-BusinessWire India): Thepackersmovers.com is the much accredited online directory of India that aims to simplify relocation experience of people moving across the experienced team of professionals country and abroad. With hundreds of enlisted Packers and Movers with, the directory eases the search for reliable options.

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New Delhi [India], June 22 (ANI-BusinessWire India): Chitkara University on Thursday announced that they are initiating two-year MBA Healthcare Management with specialisation in Health Information Technology (HIT) in strategic partnership with Frost & Sullivan, the Growth Partnership and consulting company with deep industry understanding in Healthcare Informatics across India and Asia.

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New Delhi [India], June 22 (ANI-BusinessWire India): Mettl, India's leading online assessment company has pioneered a partnership with Mankind and HummingBird International to power their psychometric test assessment engine, in turn, expanding its roots into the assessment of leadership competencies for the former's recruitment consultancy.

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New Delhi [India], June 22 (ANI-BusinessWire India): FreeCharge, India's leading digital payments platform on Thursday announced its partnership with ALTBalaji, largest digital platform for original shows from India, to provide easy, secure and fast digital payment solutions for users.

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New Delhi [India], June 22 (ANI-BusinessWire India): Corporate gifting has emerged out to a pioneering gifting sector in the recent years. As per the statistics, in 2015, India alone had a gifting market of USD 30 billion, out of which, USD 2.5 billion belonged to corporate gifting. Companies today are showing more interest in their relations with customers and employees; as a result, a trend of corporate gifting has started gaining pace.

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New Delhi [India], June 22 (ANI-NewsVoir): Goeman Bind HTO, an international not-for-profit think tank and research advisory on Thursday announced the joining of globally acclaimed policy specialist and corporate lawyer, Hemant Batra.

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Airbnb, World Bank sign MoU to enhance rural tourism

Updated: Jun 22, 2017 14:08 IST     

New Delhi [India], June 22 (ANI): The World Bank group and Airbnb on Wednesday signed a Memorandum of Understanding (MoU), validating their combined efforts to boost the tourism industries of developing economies, at the Tourism Knowledge Exchange 2017, an event highlighting the latest innovations in sustainable tourism.

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New Delhi [India], June 22 (ANI-BusinessWire India): Over the course of one famous year, Omega released three professional timepieces that would all go on to become absolute classics: The Seamaster 300, the Railmaster and the Speedmaster. That year was 1957.

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