Home / Knowledge / News / Apparel/Garments / Amazon's Q4 net sales soar 22%
Amazon's Q4 net sales soar 22%
Feb '17
Net sales at the world’s biggest online retailer Amazon soared 22 per cent to $43.7 billion in the three months ended December 31, 2016 as against $35.7 billion in the fourth quarter of previous year. Excluding the $558 million unfavourable impact from foreign exchange rates, net sales surged 24 per cent year on year in the reporting quarter.

In the fourth quarter of 2016, operating income rose 13 per cent over a year ago quarter to $1.3 billion, while net income was $749 million or $1.54 per diluted share in the quarter under review, vis-à-vis $482 million, or $1.00 per diluted share in the earlier year’s same quarter.

For the full year of 2016, net sales drove up 27 per cent over 2015 to $136.0 billion and excluding the $550 million unfavourable impact from changes in foreign exchange rates, they rose 28 per cent compared with 2015.

In 2016, operating income at the online retailer stood at $4.2 billion, nearly double over $2.2 billion it reported in 2015, while net income was $2.4 billion, or $4.90 per diluted share in the year under review as against $596 million, or $1.25 per diluted share in 2015. (AR)

Fibre2Fashion News Desk – India

Interviews View All

Headhonchos, Indian textile value chain

Indian textile value chain

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

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Davide Vigano, Sensoria

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Follow Fibre2Fashion On

Advanced Search