Amazon.com Announces First Quarter Financial Results
SEATTLE–(BUSINESS WIRE)–Apr. 23, 2009– Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its first quarter ended March 31, 2009.
Operating cash flow was $1.76 billion for the trailing twelve months, compared with $1.04 billion for the trailing twelve months ended March 31, 2008. Free cash flow increased 82% to $1.43 billion for the trailing twelve months, compared with $0.79 billion for the trailing twelve months ended March 31, 2008.
Common shares outstanding plus shares underlying stock-based awards outstanding totaled 447 million on March 31, 2009, compared with 435 million a year ago.
Net sales increased 18% to $4.89 billion in the first quarter, compared with $4.13 billion in first quarter 2008. Excluding the $268 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 25% compared with first quarter 2008.
Read the rest of the announcement here.
In the economy today, most companies are reporting losses. Somehow it doesn’t surprise me that it’s Amazon.com that is reporting not only net income, but that net income has increased. With today’s fad of “going green”, ebooks are becoming more popular. I think Amazon.com’s ability to adapt to consumer needs is one of the reasons that the company is so successful today.
Does anyone use the Kindle app for the iPhone? I’m just curious about how popular it is.
I’m not surprised either.
Unfortunately, I can’t help you with your question Casee as I’m not allowed to buy a Kindle as I live outside North America 🙁 And it’s the same with Sony. Makes it hard to read eBooks when your choice of eReader is very limited. Am thinking about the iTouch or iPhone…otherwise the only choice I believe is a Palm Pilot.