Amazon Internet Services total income surges 58 pc to Rs 4,216 Cr in FY20
Amazon Internet Services Pvt Ltd (AISPL), which renders the ecommerce major''s cloud services in India, saw an almost 58 percent rise in total revenue to Rs 4,215.9 crore in FY20, as per regulatory documents.
Its total income was at Rs 2,637.2 crore in FY19, according to a Registrar of Companies filing shared by market intelligence firm Tofler.
AISPL, however, registered a loss of Rs 20 lakh in the financial year ended March 30, 2020, as compared to a net profit of Rs 71.1 crore in FY19, it added.
Emails sent to the company did not elicit a response.
"The company revenue from continuing operations increased to Rs 41,616 million from Rs 26,372 million. The revenue growth in AISPL is primarily attributable to increased usage of cloud and other related services by existing and new customers in India," the filing said.
AISPL also reported a profit before tax of Rs 376 million as compared to Rs 1,378 million a year ago, it added.
AISPL is principally engaged in rendering cloud-related and marketing services.
The company registered Rs 4,005.5 crore in revenue from cloud-related services in FY20, while Rs 156.1 crore was contributed by marketing services.
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The filing said cloud-related services consisted of amounts earned from sales of compute, storage, database, and other cloud-related service offerings (including training) for startups, enterprises, government agencies, and academic institutions in India.
Marketing services, on the other hand, comprise amounts earned from general marketing and promotional services provided to Amazon Web Services, Inc., a group company.
In another development, Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 percent, as per regulatory documents.
The company had registered a consolidated loss after tax of Rs 1,625.7 crore in the previous fiscal, according to a Registrar of Companies filing shared by market intelligence firm Tofler.
(Disclaimer: Additional background information has been added to this PTI copy for context)