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Amazon's 2Q Sales +51%, Profit -8%

Jul 26, 2011 6:10 PM   By Jeff Miller
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RAPAPORT... Amazon.com reported that revenue rose 51 percent year on year to $9.91 billion and net profit fell 8 percent to $191 million during the second quarter that ended on June 30, 2011. The online retailer recorded a $477 million favorable impact from foreign exchange rates for the second quarter. Amazon's cost of sales  rose 52 percent to $7.53 billion.

Overall, sales in North America totaled  $5.41 billion,  and international segment sales, representing the U.K., Germany, Japan, France, China and Italy, were $4.51 billion, with both figures showing a gain of 51 percent year on year.

Amazon.com's operating cash flow increased 25 percent to $3.21 billion for the trailing 12 months, compared with $2.56 billion one year ago.   Free cash flow decreased 8 percent to $1.83 billion for the trailing twelve months, compared with $1.99 billion for the previous year.

Jeff Bezos, founder  of Amazon.com, said, "Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we've seen in over a decade."

During the second quarter, Amazon.com launched MyHabit.com, a member-only fashion destination and it also permitted "Marketplace" sellers to list  products across the European websites using one single seller account, allowing sellers to make their inventory available across Amazon.co.uk, Amazon.de, Amazon.fr and Amazon.it.

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