Amazon Shines

Amazon has just released its Q4 FY08 results. Net sales increased 18% to $6.7bn from Q4 FY07. Excluding adverse exchange rate adjustments, sales would have grown by 24%. Operating income was flat at $272mn, compared with $272mn in the comparable period in FY07. For the full fiscal year, net sales climbed 29% to $19.17bn, and operating income grew by 28% to $842mn.

International sales, that's sales from Amazon's sites in the UK, Germany, France, Japan and China, now represent 46.6% of the firm's overall sales. That's up by just 1.2% from 2007. But, operating income from international sales generated 59.3% of the total in 2008. That's up from 52.9% in 2007.