Net sales at Amazon, the world's biggest online retailer soared 22 per cent to $35.7 billion in the fourth quarter of 2015, compared with $29.3 billion in fourth quarter 2014.
As per an Amazon press release, excluding the $1.2 billion unfavourable impact from year-over-year changes in foreign exchange rates in the quarter, net sales increased 26 per cent year over year.”Net sales at Amazon, the world's biggest online retailer soared 22 per cent to $35.7 billion in the fourth quarter of 2015, compared with #
In the reporting quarter, operating income drove up 88 per cent to $1.1 billion as against operating income of $591 million in the year ago quarter.
Net income amounted to $482 million in the fourth quarter of 2015 or $1.00 per diluted share, vis-a-vis $214 million, or $0.45 per diluted share in fourth quarter of prior year.
“For full year 2015, net sales rose slower at 20 per cent to $107.0 billion, compared with $89.0 billion in 2014,” Amazon added in the press release.
Excluding the $5.2 billion unfavourable impact from year-over-year changes in foreign exchange rates throughout the year, net sales surged 26 per cent as against its previous year.
In the reporting year, operating income stood at $2.2 billion compared with operating income of $178 million in 2014.
In 2015, Amazon reported a turnaround in net income, which totaled to $596 million or $1.25 per diluted share, compared with net loss of $241 million, or $0.52 per diluted share in 2014.
Operating cash flow grew 74 per cent to $11.9 billion for the trailing twelve months versus $6.8 billion for the trailing twelve months ended December 31, 2014.
Free cash flow drove up to $7.3 billion for the trailing twelve months as against $1.9 billion for the trailing twelve months ended December 31, 2014.
Free cash flow less lease principal repayments increased to $4.7 billion for the trailing twelve months vis-à-vis $529 million for the trailing twelve months ended December 31, 2014.
Common shares outstanding plus shares underlying stock-based awards totaled 490 million on December 31, 2015, compared with 483 million on the same day one year ago.
“Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift,” Jeff Bezos, founder and CEO of Amazon said.
“This year, we pass $100 billion in annual sales and serve 300 million customers and measured by the dynamism in the marketplace and by the ever-expanding opportunities it feels every bit like day one,” he stated. (AR)
ALCHEMPro News Desk – India
marketing@alchempro.com
