29 July 2016, India :
Amazon is set to report second quarter fiscal 2016 earnings results after the closing bell Thursday. The e-commerce giant will look to extend its dominant earnings momentum, which has sent its shares soaring to all-time highs. For full the year, earnings are projected to rise 332% to $5.40 per share, while revenue of $133.97 billion is expected to rise 25% year-over-year.
In its earnings release, Amazon CEO Jeff Bezos touted the company’s expansion into India, a market it committed to invest $5 billion last quarter. “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,” he said.
Amazon also launched Prime in India. With Prime, Indian customers in over 100 cities can enjoy unlimited free one-day and two-day delivery on hundreds of thousands of eligible products. Sellers using Fulfillment by Amazon now automatically provide customers with unlimited fast, free delivery.
Jeff Bezos Surpasses Warren Buffet to Become World’s Third Richest Man
Amazon Prime Now in India ; 60 day Trail and Later Rs 499/year