1/30/08

2007 net sales rise 39% to $14.8 billion at Amazon

Net income at Amazon.com last year rose 150% to $476 million, as net sales increased 39% to $14.8 billion, the retailer reported Wednesday. For the fourth-quarter, net income rose 112% to $207 million and net sales rose 42% to $5.67 billion.

Paul Demery , Managing Editor, B2B E-commerce

Net income at Amazon.com Inc. rose 150% to $476 million for the fiscal year ended Dec. 31, up from $190 million a year earlier, as net sales increased 39% to $14.8 billion from $10.71 billion, the retailer reported today.

The increase in net sales would have been 35% without the $400 million favorable impact from year-over-year changes in foreign exchange rates throughout the year, Amazon added.

For the fourth-quarter, net income rose 112% to $207 million and net sales increased 42% to $5.67 billion.

"This quarter showed accelerated sales growth and record operating profits," says founder and CEO Jeff Bezos. "In our view, these unusual financial results are driven by one thing: continuously improving the customer experience." Amazon is No. 1 in the Internet Retailer Top 500 Guide.

Q4 North American segment sales, including Amazon’s U.S. and Canadian e-commerce sites, rose 40% year-over-year to $3.08 billion. Q4 international segment sales, comprised of Amazon’s U.K., German, Japanese, French and Chinese e-commerce sites, rose 46% year-over-year to $2.59 billion.

Among product categories, Q4 worldwide media sales grew 33% year-over-year to $3.33 billion, as worldwide electronics and other general merchandise sales grew 58% to $2.21 billion.

Topics:

Amazon.com, business, business finance, Electronic commerce, Information technology management

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