This is what Amazon, Google and Facebook had to say about India in their earnings calls

• Amazon, Google and Facebook all beat market estimates even during the COVID-19 hit quarter.
• Interestingly, the mention of India as ‘the largest’ investment area came up in the earnings call of these companies.
• Amazon also said that it is hiring in India.

The big global tech companies have just reported their earnings for the April-June quarter and all of them have beat market estimates even during the COVID-19 hit quarter.

But interestingly, the mention of India as ‘the largest’ investment area during the earnings call of Amazon, Facebook and Alphabet (Google’s parent company) has once again proven the companies’ interest in the country.

In 2020 alone, all three companies have reiterated their interest in India with big cheques – Jeff Bezos during his visit to India in January 2020 promised a $1 billion investment. Facebook pumped in $5.7 billion in Reliance Jio, while Google announced a $10 billion India-specific fund out of which $4.5 billion has already gone into Jio’s pockets.

Here’s what the companies said during the earnings call