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.

Amazon Connections Contribute to Successful Prospects in Latest Quarter

Yesterday, in light of Apple’s impressive quarterly earnings announcement, we asked if the company was fixing to “pull a Google” (see NewsVisual article). As Amazon prepares to make its own earnings announcement, many are now wondering if the company will follow in the successful footsteps of Apple. Its last two quarters have been exceptional as far as profit growth, and analysts are saying that the “rising proliferation of third-party sellers” in an effort to challenge eBay will once again lead to positive numbers for Amazon in this current quarter (see articles from innmoney and MarketWatch). To help readers gain additional insight into Amazon, we created an IntellectSpace Knowledge Map the company’s Board of Directors, which identifies some of the key corporate entities that may prove advantageous as far as experience and potential future partnerships.

This Knowledge Map illustrates Amazon’s ties to multiple corporate and non-corporate entities through current board and executive affiliations. Some of the more notable entities include Google, Electronic Arts, Sun Microsystems and even the Bill & Melinda Gates Foundation. Patricia Stonesifer, an Amazon Director, works closely with the Gates’ as she now serves as the foundation’s CEO. William Bingham Gordon (Director of Amazon) is the Co-Founder of Electronic Arts, as well as its EVP/Chief Creative Officer. Also, L John Doerr (Director of Amazon) is shown to have a very significant connection as he presently serves as a Director of Google.