42244 2 3 econsultancy_xml <p> <a href="http://www.amazon.com/">Amazon's</a> total sales for the second quarter, normally a relatively quiet period for retailers, increased by 35% $2.89bn (£1.4bn). Q2 profits reached $78m (£38m), compared with $22m (£10.7m) for the same period in 2006. </p> <p>The company <a href="/blog/1092-amazon-posts-32-rise-in-q1-sales">posted a 32% rise in sales</a> in the first quarter of 2007 to just over $3bn (£1.5bn). </p> <p>Sales in North America jumped 38%, the highest growth rate for six years, while revenue from the company's UK, German, Chinese, French and Japanese sites increased by 31%, to $1.2bn (£584m). </p> <p>Sales of electronics, jewellery and general merchandise climbed 55%, while books, DVDs and other media sales increased 27%. </p> <p>CEO Jeff Bezos said the increase in profits was down to low prices and the growth in users of its Amazon Prime subscription service, as well as reduced expenditure on its websites. </p> <p> <strong>Further reading:</strong> <br /> <a href="/blog/1444-potter-finale-sets-amazon-pre-order-record">Potter finale sets Amazon pre-order record</a> <br /> <a href="/blog/1305-amazon-increases-its-investment-in-china">Amazon increases its investment in China</a> </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Link URL="http://www.amazon.com/" Window="Self">Amazon's</Link> total sales for the second quarter, normally a relatively quiet period for retailers, increased by 35% $2.89bn (£1.4bn). Q2 profits reached $78m (£38m), compared with $22m (£10.7m) for the same period in 2006. </Paragraph> <Paragraph>The company <Link URL="/blog/1092-amazon-posts-32-rise-in-q1-sales" Window="Self">posted a 32% rise in sales</Link> in the first quarter of 2007 to just over $3bn (£1.5bn). </Paragraph> <Paragraph>Sales in North America jumped 38%, the highest growth rate for six years, while revenue from the company's UK, German, Chinese, French and Japanese sites increased by 31%, to $1.2bn (£584m). </Paragraph> <Paragraph>Sales of electronics, jewellery and general merchandise climbed 55%, while books, DVDs and other media sales increased 27%. </Paragraph> <Paragraph>CEO Jeff Bezos said the increase in profits was down to low prices and the growth in users of its Amazon Prime subscription service, as well as reduced expenditure on its websites. </Paragraph> <Paragraph> <Emphasis>Further reading:</Emphasis> <LineBreak /> <Link URL="/blog/1444-potter-finale-sets-amazon-pre-order-record" Window="Self">Potter finale sets Amazon pre-order record</Link> <LineBreak /> <Link URL="/blog/1305-amazon-increases-its-investment-in-china" Window="Self">Amazon increases its investment in China</Link> </Paragraph> </FormattedContent> 2007-07-25T11:41:00+01:00 0 1 econsultancy_xml <p> <strong>Amazon's second quarter profits have more than tripled thanks to a combination of increased sales and a reduction in technology spending.</strong> </p> <p>The company's share price rose by 21% yesterday in response to the news, with Amazon raising its full year income forecasts. </p> <FormattedContent xmlns="http://www.e-consultancy.com/schema/formattedContent/"> <Paragraph> <Emphasis>Amazon's second quarter profits have more than tripled thanks to a combination of increased sales and a reduction in technology spending.</Emphasis> </Paragraph> <Paragraph>The company's share price rose by 21% yesterday in response to the news, with Amazon raising its full year income forecasts. </Paragraph> </FormattedContent> false 1549 <p>Related Econsultancy reports include our <strong><a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a></strong>, <strong><a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a></strong> and <strong><a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a></strong>. See also the <strong><a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a></strong>.</p> <p>Related Econsultancy reports include our <strong><a href="http://econsultancy.com/reports/e-commerce-platforms-buyer-s-guide-2009">E-commerce Platforms Buyer's Guide</a></strong>, <strong><a href="http://econsultancy.com/reports/delivering-successful-e-commerce-projects">Delivering Successful E-commerce Projects</a></strong> and <strong><a href="http://econsultancy.com/reports/online-retail-2007-checkout-special">Online Retail Checkout Special</a></strong>. See also the <strong><a href="http://econsultancy.com/reports/e-commerce-statistics">E-commerce Statistics Compendium</a></strong>.</p> 363874 Amazon triples profits false 2007-07-25T15:53:00+01:00 amazon-triples-profits 2009-04-28T22:54:56+01:00 2009-10-13T09:13:18+01:00 214