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Net sales at Amazon.com rise by 14%
Operating income dips by 27%
By: Diamond World News Service
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Jul 28 2009 10:46AM
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Reference: 4045  

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Net sales at Amazon.com rose by 14 percent to $4.65 billion in the second quarter of 2009, from $4.06 billion worth of net sales in the same quarter in 2008. Its operating income slipped by 27 percent to $159 million, over $217 million in the second quarter of last year. Net income decreased by 10 percent to $142 million, from $158 million of the same quarter last year.

For the year ending on June 30, 2009, the company’s operating cash flow was $1.88 billion, while the same in the year ending on June 30, 2008, amounted to $1.09 billion. The company’s free cash flow increased by 89 percent to $1.54 billion in the said year period, as compared to $0.82 billion for the year ending on June 30, 2008.

The online retailer attributed its pleasant financial results to its consumer centric promotions like free shipping offers including Amazon Prime,low prices, vast selection, and fast delivery.

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