Amazon reported its Q4 2008 Earnings and the numbers are impressive. I am not sure why the Wallstreet is surprised as Amazon already reported in December that they had a record holiday shopping season. It was safe to assume that the whole quarter would be great and that sales increased quite a bit compared to last year.
Net sales increased 18% to $6.70 billion in the fourth quarter, compared with $5.67 billion in fourth quarter 2007.
Excluding the $320 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have even grown 24% compared with fourth quarter 2007.
Operating cash flow was $1.70 billion in 2008, compared with $1.41 billion in 2007. Free cash flow increased 16% to $1.36 billion in 2008, compared with $1.18 billion in 2007.
Amazon is not stopping there. The online retailer even predicts that net sales would be growing between 9% and 19% compared with first quarter 2008. There is apparently no economic crisis in the Amazon.
Luigi Lugmayr (Google+) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at email@example.com.
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