Amazon Q2/09

Amazon has just published its results for Q2 2009. Overall, revenues increased by 14% year-on-year, while operating income decreased by 27%, and net income decreased by 10%. Excluding adverse exchange rates, Amazon's international segment - that's operating companies in China, France, Germany, Japan and the UK - grew revenues by 28%. At constant currency, this growth was just 16% year-on-year.

For worldwide electronics [which includes other 'general merchandise' not included elsewhere], revenues grew by 35% to $2.07bn at constant currency. Without the adverse impact of unfavourable exchange rates, this would have represented growth of 41%. This result compares very favourably with Amazon's 'traditional' media segment [books, DVDs and such like] which grew by a mere 1% year-on-year.