Profits up 24% at Amazon

Apr 24, 2009 | Uncategorized

First quarter results for Amazon beat expectations as revenues grew 18% to $4.89bn (£3.33bn), writes The BBC. Profits were up 24% to $177m (£121m) as sales for the firm’s new Kindle 2 e-book reader soared. US sales were up 21% during the quarter, with overseas sales growing 15% during the same period. The firm now […]

First quarter results for Amazon beat expectations as revenues grew 18% to $4.89bn (£3.33bn), writes The BBC. Profits were up 24% to $177m (£121m) as sales for the firm’s new Kindle 2 e-book reader soared. US sales were up 21% during the quarter, with overseas sales growing 15% during the same period. The firm now expects both sales and profits to rise again during the second quarter.
Amazon was recently voted the second most-popular retailer in the UK behind Tesco, in a TNS Worldpanel poll.
From BBC News: http://news.bbc.co.uk, 24/04/2009
Amazon UK: http://www.amazon.co.uk

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