Home / Knowledge / News / Apparel/Garments / Amazon.com sales up 23% to $35.7 billion in Q1 2017
Amazon.com sales up 23% to $35.7 billion in Q1 2017
01
May '17
Amazon.com's net sales increased 23 per cent to $35.7 billion in the first quarter of 2017, compared with $29.1 billion during the same period last year. Excluding the $492 million unfavourable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 24 per cent compared with first quarter 2016.

Operating cash flow of Amazon.com increased 53 per cent to $17.6 billion for the trailing twelve months, compared with $11.6 billion for the trailing twelve months ended March 31, 2016. Free cash flow increased to $10.2 billion for the trailing twelve months, compared with $6.7 billion for the trailing twelve months ended March 31, 2016.

Operating income decreased 6 per cent to $1 billion in the first quarter, compared with operating income of $1.1 billion in first quarter 2016. Net income was $724 million in the first quarter, or $1.48 per diluted share, compared with net income of $513 million, or $1.07 per diluted share, in first quarter 2016.

"Our India team is moving fast and delivering for customers and sellers. The team has increased Prime selection by 75 per cent since launching the program nine months ago, increased fulfillment capacity for sellers by 26 per cent already this year, announced 18 Indian Original TV series, and just last week introduced a Fire TV Stick optimised for Indian customers with integrated voice search in English and Hindi," said Jeff Bezos, Amazon founder and CEO.

"We are grateful that customers are responding — Amazon.in is the most visited and the fastest growing marketplace in India. It is still Day 1 for e-commerce in India, and I assure you that we will keep investing in technology and infrastructure while working hard to invent on behalf of our customers and small and medium businesses in India," added Bezos.

Net sales are expected to be between $35.25 billion and $37.75 billion, or to grow between 16 per cent and 24 per cent in the second quarter of 2017 compared with second quarter 2016. This guidance anticipates an unfavorable impact of approximately $720 million or 240 basis points from foreign exchange rates. Operating income is expected to be between $425 million and $1.075 billion in this quarter, compared with $1.3 billion in second quarter 2016. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Jan 2021

UK factories concerned over shortage of materials, workers

Concerns of UK manufacturers regarding shortage of low-wage workers...

Pic: Shutterstock

Retail | On 27th Jan 2021

US holiday season hit by understaffing, high turnover

The versatility and resilience of retailers helped many stores...

Pic: Wikipedia/Sabyasachi

Fashion | On 27th Jan 2021

ABFRL acquires 51% stake in Sabyasachi brand

Aditya Birla Fashion and Retail Limited, India’s leading fashion...

Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search