Amazon has posted its financial results for the first quarter of 2016 and the Amazon Earnings have increased over last year with an increase its net sales by 28%.
The company has net sales of $29.1 billion this was up 28% on $22.7 billion for the same quarter in 2015.
The company’s operating income was $1.1 billion, this is up from $255 million in the same quarter last year. Net incomes was $513 million or $1.07 per diluted share, this compares to a net loss of $57 million in the first quarter of 2015.
Operating cash flow increased 44% to $11.3 billion for the trailing twelve months, compared with $7.8 billion for the trailing twelve months ended March 31, 2015. Free cash flow increased to $6.4 billion for the trailing twelve months, compared with $3.2 billion for the trailing twelve months ended March 31, 2015. Free cash flow less lease principal repayments increased to $3.5 billion for the trailing twelve months, compared with $1.5 billion for the trailing twelve months ended March 31, 2015. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to $1.6 billion for the trailing twelve months, compared with an outflow of $1.2 billion for the trailing twelve months ended March 31, 2015.
You can see Amazon’s full financial results for the first quarter of 2016 over at the company’s website at the link below.
Source Amazon
Filed Under: Technology News