Elevate your enterprise data technology and strategy at Transform 2021.


jeff-bezos-amazon-tablets

Online retail giant Amazon reported mixed results for its second quarter 2012 earnings today.

The company hit its own revenue goal for Q2, increasing 29 percent to $12.83 billion, compared with $9.91 billion in second quarter 2011. Wall Street, however, was expecting the company to bring in $12.88 billion in revenue. Amazon reported a decline in operating income to $107 million, compared to $201 million during the same period last year.

It’s net income decreased 96 percent to $7 million in the second quarter, or $0.01 per diluted share, compared with net income of $191 million ($0.41 per diluted share). The results include a $65 million loss from its purchase of Kiva for $65 million.

As for the future, Amazon expects net sales of $12.9 billion – $14.3 billion (or a 19 – 31 percent boost compared with Q3 2011). It expects an operating income loss of $350 million to $50 million, which is down from $79 million in the same period last year.

We’ve included the Q2 2012 highlight’s below.

Jeff Bezos photo via etech/Flickr

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member