Feeds

Amazon delivers shipshape Q2

No nasty surprises this time

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Amazon.com reported higher sales, but slightly lower net income in its 2Q 2005 earnings statement.

Net profit was $52m, down from $76m a year ago, largely because of a tax bill. Sales were up 26pc from the same time last year at $1.75bn for the quarter. But investors were cheered because revenue growth is outpacing the cost of those sales, leading to a higher gross margin.

For the full year, Amazon.com issued guidance of between $8.275bn and $8.675bn gross revenue, 20pc to 25pc up on 2004, and operating income in line or slightly up on last year at $415m to $515m.

Third party sales now account for 28pc of Amazon's revenue.

The company ended the quarter with a cash pile of $629m, so in the dog-eat-dog word of retail consolidation Amazon looks less like a predator and more like a tasty snack. ®

Related stories

Amazon.com goes nuclear on Avis, Orbitz
Amazon profits go down the Swanee
Amazon's 'morning nightmare' lasts 11 days, and counting

Beginner's guide to SSL certificates

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.