It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Amazon’s growth slows Amazon’s growth slows
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Amazon’s growth slows
Reply
 
Thread Tools
Old 29th April 2013, 08:28   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 148,055
Stefan Mileschin Freshly Registered
Default Amazon’s growth slows

Amazon's revenues slowed in the first quarter as the world's largest Internet retail struggled overseas.

The company reported that margins jumped on lower shipping expenses and the expansion of more profitable new businesses.

It would appear that things are looking up in the US but on the international markets Amazon is not doing so well.

Europe's economies, which have been raped by austerity demands, are harming corporate sales in the region. EBay, Amazon's main rival, also reported disappointing results last week and noted European weakness.

Amazon's revenue rose 22 percent to $16.07 billion, with most of the cash coming from growing sales of digital content, cloud-computing services and gains in its main retail business. However this was a decline from 36 percent growth in the first quarter of last year.

International revenue rose 16 percent in the most-recent quarter, down from a 31 percent growth rate last year.

Amazon CFO Tom Szkutak said Amazon was suffering in the same way that others were.

Amazon has also struggled to grow in China but Szkutak believes that the company is still in "investment mode" in that country so that is nothing to worry about for now.

Total year-over-year unit growth, which measures the number of items Amazon sells, was 30 percent in the first quarter, down from 49 percent in the first quarter of 2012.

Amazon forecast second-quarter revenue of $14.5 billion to $16.2 billion and operating results from break-even to $350 million.

The cocaine nose jobs of Wall Street wanted to see second-quarter revenue of $15.94 billion and operating results of $452 million.

The figures do show that, despite weaker growth and a cautious forecast, Amazon is becoming more profitable.

Amazon is currently building distribution warehouses closer to customers, reducing shipping costs. It has also been charging third-party merchants on its marketplace higher fees for shipping and warehouse storage.

http://news.techeye.net/internet/amazons-growth-slows
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
All in ones set for double digit growth Stefan Mileschin WebNews 0 12th July 2012 09:59
2012 a stinker for PC shipment growth Stefan Mileschin WebNews 0 20th June 2012 08:10
Intel predicts further growth Stefan Mileschin WebNews 0 19th April 2012 07:28
3D adoption slows to a crawl jmke WebNews 0 13th October 2010 18:42
Intel Tick Tock slows down: Sandy Bridge slips into 2011? jmke WebNews 0 21st December 2009 13:54
PC Shipment Growth Falls, Mac Shipment Growth Increases jmke WebNews 1 18th April 2008 11:20
Vista SP1 doesn't significantly boost performance, slows down certain tasks jmke WebNews 11 20th February 2008 16:58
IBM slows flow of light to accelerate silicon chips Berry WebNews 0 27th December 2006 01:00
G is for growth: mailbox size increase to 2gb+ jmke WebNews 11 3rd April 2005 20:51
AMD PowerNow slows down USB 2.0 transfers jmke WebNews 0 14th June 2004 12:08

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT +1. The time now is 08:29.


Powered by vBulletin® - Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO