25 Jul 2007
Online retailer Amazon has trebled profits for the second quarter, traditionally the quietest for retailers.
Profits and sales have both risen higher than predicted, with profits up from $22m (£10.7m) to $78m (£37.8m) and sales increasing 35 per cent to $2.9bn (£1.4bn).
Amazon has now raised its full year sales forecast to between $13.8bn (£6.7bn) and $14.3bn (££7bn) and profits forecast to as much as $640m (£312m).
International sales, which include the firm’s UK operations, are up 31 per cent to $1.3bn (£633m).
Electronic products and other non-media items made the most significant gains - up 55 per cent to $970m (£472.7m) - and now account for 34 per cent of all business.
Media sales, which include Amazon’s book division, have risen 27 per cent to $1.8bn (£877m). Book sales also include more than two million pre-orders for the new Harry Potter book.
Amazon is continuing to expand its operations, with plans to launch a digital music store that will allow customers to download music without any digital copyright protection.
Have your say on this article
Newsletters
Latest stories from Finance and Reporting
Latest videos
You may also like
Finance and Reporting jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
