Sales at e-commerce giant Amazon.com hit US$13.18bn during its first quarter ended 31 March 2012, marking a 34pc increase from year-ago revenue of US$9.86bn.
Operating cash flow at the company increased 1pc to US$3.05bn for the trailing 12 months, compared with US$3.03bn for the trailing 12 months ended 31 March 2011. Free cash flow decreased 39pc to US$1.15bn for the trailing 12 months, compared with US$1.90bn for the trailing 12 months ended 31 March 2011.
Common shares outstanding plus shares underlying stock-based awards totalled 464m at the end of the first quarter, compared with 466m a year ago. During the quarter, Amazon.com repurchased 5.3m shares, or US$960m, under its previously announced authorisation to repurchase up to US$2bn of the company’s common stock.
Amazon.com’s operating income amounted to US$192m in the first quarter, compared with US$322m in first quarter 2011. The unfavourable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income totalled US$4m.
Net income decreased 35pc to US$130m in the first quarter, or US$0.28 per diluted share, compared with net income of US$201m, or $0.44 per diluted share, in first quarter 2011.