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Home  >  Austin Accountants  >  Amazon’s profits decline in Q4

Amazon’s profits decline in Q4

Posted on Wednesday, February 1st, 2012 at 6:30 pm.

The fourth quarter profit for Amazon declined a significant amount in 2011 as compared to the 2010 numbers. In 2011, the quarterly profits amounted to $177 million, which is a decrease of 58 percent from $416 million in 2010.

Despite the decrease in quarterly profit, net profit for the quarter was on the rise in 2011. Net sales in 2011 were recorded at $17.43 billion, which is a 35 percent increase from the 2010 fourth quarter. Fiscal net profit also saw an incline in 2011, by 41 percent.

The company is crediting their increase in fourth quarter profits largely to holiday sales. Their Kindle Fire product was a big seller during the 2011 holiday season.

If you are in need of assistance with the financial side of your business, please contact the Austin Corporate Accountants of Austin Accounting today.