Friday, 24 March, 2023

Amazon cloud business grew 54% in India in FY20

<p>The India arm of Amazon Web Services reported a 54% rise in revenue to Rs 4,216 cr in FY 20 but registered a net loss of Rs 20 lakh during the period. The company, in the business of data processing, hosting and related activities, had total expenses of Rs 4,178 cr. The cloud service provider&#39;s revenue from continuing operations jumped to Rs 4,161.6 cr from Rs 2,637.2 cr, primarily on account of cloud adoption and related services by new and old clients in India.</p> <p>&nbsp;</p>