Jeff Bezos Hails Alexa as Amazon Profits Surge


Amazon on Thursday reported its profits had more than doubled in the past quarter as company founder Jeff Bezos heaped praise on the performance of its Alexa digital assistant.
Net profit more than doubled to $1.9 billion (roughly Rs. 12,100 crores), compared with $749 million (roughly Rs. 4,800 crores) a year earlier, for the US online giant which has expanded from retail to video to cloud computing and other services.
Overall revenues for Amazon rose 38 percent from last year to $60.5 billion (roughly Rs. 3.84 lakh crores).