eBay piles up the cash
Barnstorming quarter
Posted in Business, 17th October 2003 13:15 GMT
Hitachi IT Operations Analyzer: 30-day free trial.
eBay has had a barnstorming Q3 with net income up 69 per cent year on year to $103.3 million on sales up 84 per cent to £530.9 million,
The US e-tailer-cum-fraudster's paradise reports strong sales overseas, especially in Germany, the UK and South Korea. And it's gung-ho about prospects for the holiday season - you can even buy eBay gift certificates now.
eBay is sitting on a $2.6bn mountain of cash. Surely, it's time to start paying dividends. After all, the company can't sustain growth at this rate for forever, can it? But from the noises that CFO Rajiv Dutta is making, the company looks like it has some other things in mind. In a conference call, he said the company is considering acquisitions.
"We have enormous potential," he said. "We were struck by the number of extremely attractive opportunities that lie ahead." ®

Enabling The Agile Data Center
Automating the Acquisition Process with Enterprise Level CRM
Buyer's Guide: ERP Systems
Analyst Keynote: The Register Agile Data Center Summit
Hosted CRM Can Be Your Secret Weapon to Success!

Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter