Amazon revenue rises 22 percent in holiday quarter

Thomson ReutersEmployees of Amazon India are seen behind a glass bearing the company’s logo inside its office in Bengaluru

(Reuters) – E-commerce giant Amazon.com Inc reported a 21.8 percent rise in quarterly revenue, helped by strong holiday-period shopping and robust growth in its cloud services business.

The world’s biggest online retailer said its profit rose to $482 million, or $1.00 per share, in the fourth quarter ended Dec.31 from $214 million, or 45 cents per share, a year earlier.

Net sales rose to $35.75 billion from $29.33 billion.

(Reporting by Arathy S Nair in Bengaluru; Editing by Kirti Pandey)

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