Amazon's Global Profit Surges To $363 Million For December Quarter

US e-commerce giant Amazon has recorded a net profit of $363 million from its international business for the third financial quarter ended on December 31. The company witnessed a 54% hike in overseas sales accounting for $37 billion. Interestingly, it suffered a loss of $617 million in the same quarter last year. Reportedly, the pandemic-induced surge in online shopping and huge off-shore investments by the company were the reason behind the thrust in the earnings.