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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... 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.'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, 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, launched, 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,, and

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