Amazon’s Q4 Net Income Swings Up 112 Percent

(NewsVisual, powered by IntellectSpace) -- Despite the pervasive fears of a looming recession among economic pundits, Amazon.com Inc (NASDAQ: AMZN) announced on Wednesday that its fourth-quarter 2006 net sales of $3.99 billion increased 42% to $5.67 billion in the fourth-quarter 2007 and that it Q4 2006 operating cash flow of $0.70 billion increased to $1.41 billion in Q4 2007, the company said in a statement.

This means that for investors net income increase in Q4 2007 112 percent: net income increased from $98 million in Q4 2006 to $207 million in Q4 2007; or it increased from $0.23 per diluted share in Q4 2006 to $0.48 per diluted share in Q4 2007.

Likewise, the company reported that for the full-year 2007 net income increase 150 percent: net income increased from $190 million in 2006 to $476 million in 2007; or it increased $0.45 per diluted share in 2006 to $1.12 per diluted share in 2007.

"This quarter showed accelerated sales growth and record operating profits," said Amazon CEO/President/Chairman Jeff Bezos in the company’s statement.

"In our view, these unusual financial results are driven by one thing: continuously improving the customer experience," he added.

The markets responded to the company’s announcement positively, sending its share value up from the previous close of $74.21 to $75.20 in early noon trading (1:19pm ET).

NewsVisual created an IntellectSpace Knowledge Map that illustrates the business connections among Amazon’s Board for Directors.

The Knowledge Map shows that several of the company’s Directors have strong board-room connections to other companies.  The most noteworthy one is, perhaps, Director L John Doerr who sits on the boards of three other companies, including Move Inc, Intuit Inc, and Google Inc.

The following Amazon board members are also noteworthy for their business connections:

Director John Seely Brown also serves on the boards of Corning Inc and Varian Medical Systems Inc; Director Thomas O Ryder also serves on the boards of Readers Digest Association Inc and Starwood Hotels and Resorts Worldwide Inc; and Director Myrtle S Potter also serves on the boards of Foxhollow Technologies Inc and Medco Health Solutions Inc.

(Note: the information contained and presented in Knowledge Maps is public information from the Securities and Exchange Commission of the United States of America).

Click here or copy this link into your Internet Explorer browser for an interactive version of this IntellectSpace Knowledge Map: http://nv.intellectspace.com/ispace/GuestMonitor.aspx?id=0db4a76b-f7fc-4ca8-a801-77604f643f11