Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
IREU Top500 The Customer Report: 2018

IREU Top500 The Customer Report: 2018

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

Amazon reports 24% rise in profits

Linked InTwitterFacebookeCard
Sales at Amazon were up 18% to US$4.9bn in the first three months of 2009, the retailer has announced. And, when the impact of negative foreign exchange rates is subtracted, sales were up by 25%. Amazon has also seen a 24% rise in net income to $177 million helped by better than expected sales of the Kindle 2 ebook reader.

International segment sales, including the retailer's UK, German, Japanese, French and Chinese sites, were $2.31 billion, up 15% from the first quarter of 2008. "Excluding the unfavourable impact from year-over-year changes in foreign exchange rates throughout the quarter, International sales grew 28%," says Amazon.

"We've gotten better every year, but there is still a lot of improvement that can be made," commented CEO Jeff Bezos. "Everywhere we look, we find that we're doing every operation in suboptimal ways."

The company is also predicting a positive second quarter with net sales expected to grow between 6% and 17% on the same period last year. Operating income, though, is likely to drop by as much as 49% because last year's second quarter had a one-time gain from the sale of the company's European DVD rental business.
Linked InTwitterFacebookeCard

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter