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Amazon Internet Services Private Limited, the provider of Amazon Web Services’ (AWS) technology in India, reported a 54 per cent rise in its revenues for the financial year 2019-20 at Rs 4,216 crore as compared to the last financial year. The company further reported a net loss of Rs 20 lakh during the same period. This is a 100 per cent increase from the last financial year, showed regulatory documents sourced from business intelligence platform Tofler. The company’s total expenses for the fiscal were reported as Rs 4,178 crore. The revenue of the company was fully generated from services called ‘other data processing, hosting and related activities’ and other information technology services. The foreign exchange outflow for the current year stood at Rs 2,973 crore compared to Rs 1,948 crore in the previous year, according to the documents. This is an increase of 53 per cent. ....
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