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23 Apr 2010
Amazon has signalled a recovery in online consumer spending with an excellent quarter that saw profits rise 68 per cent.
The retailer made a quarterly profit of $299m (£194m), and reported overall revenues up 46 per cent to $7.13bn (£4.63bn). US sales rose slightly faster than the rest of the world, and electronics sales rose 72 per cent.
"We remain heads-down focused on customers," said Amazon founder, president and chief executive Jeff Bezos.
"Amazon Prime has just celebrated its fifth anniversary, adoption of Amazon Web Services continues to accelerate, Kindle remains our number-one bestselling product, and, earlier this week, Kindle selection reached 500,000 titles."
Amazon reported strong sales for its Kindle e-book platform, but has not released any hard figures.
The company said that growth will slacken off in the second quarter of the year, and Amazon's stock fell in late market trading.
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