Amazon Q4 Sales Up 47%
 

Popular online retailer Amazon.com today announced financial results for its fourth quarter and year ended December 31, 2007. Most notably, net sales increased 42% to $5.67 billion in the fourth quarter, compared with $3.99 billion in fourth quarter 2006. Excluding the $0.20 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales grew 37% compared with fourth quarter 2006. The rest of Amazon's financials were in similarly good shape: operating cash flow was $1.41 billion in 2007, compared with $0.70 billion in 2006. Free cash flow increased 143% to $1.18 billion in 2007, compared with $0.49 billion in 2006.


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