Feeds

Amazon to sell more stuff in 2008

Just like 2007

The essential guide to IT transformation

This afternoon, during a conference call with industry analysts and reporters, Amazon chief financial officer Thomas Szkutak gave the world a peek into the company's plans for the coming year. "In 2008, you know, we're going to do more of what we did in 2007," he said.

That's right, Amazon plans to sell more stuff. "We're going to make sure we have great prices across all our categories and geographies - as was reflected in our Q4 results." Q4 results were pretty good.

In the quarter ending December 31, 2007, Szkutak announced, Amazon's net sales hit $5.67bn, a 42 per cent increase from the fourth quarter of 2006. Even if you leave out the $0.20bn boost that came courtesy of fortuitous foreign exchange rates, sales increased a full 37 per cent. This translates to a 112 per cent profit increase, from $98m in Q4 2006 to $207m in Q4 2007.

In 2007 as a whole, net sales increased 39 per cent to $14.84bn, and net income leaped 150 per cent to $476m. This was the company's fastest annual growth rate since 2000. And in 2008, the company expects net sales of between $18.75bn and $19.75bn. That would an increase of between 26 and 33 per cent. Szkutak plans to sell lots more stuff. But you knew that. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?