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The American commerce giant Amazon reported its first quarter earnings for 2014, boasting high Prime Video streamin...
The American commerce giant Amazon reported its first quarter earnings for 2014, boasting high Prime Video streaming that tripled the revenue. Concluding with March 31, 2014, Amazon announced revenues of $19.7 billion, up 23% from last year's net sales of $16.07 billion for the same quarter.
Amazon reported a net income of $108 million in the first quarter, or 23 cents per share, as compared to last year's net income of $82 million, or 18 cents per share for the same quarter. Jeff Bezos, Amazon's founder and CEO, said, “We get our energy from inventing on behalf of customers, and 2014 is off to a kinetic start.”
Operating cash flow for the trailing 12 months was $5.35 billion, while for the same time period in 2013, ending with March 31, 2013, it was $4.25 billion. Free cash flow was $1.49 billion for the last 12 months, compared to the last 12 months ending with March 31, 2013, when free cash flow was $177 million.
The company has been really busy lately; it introduced Fire TV, the home theater media set-top box that streams Netflix, Hulu Plus, WatchESPN and Showtime Anytime. Soon it will be showcasing HBO, along with Sev Zero, a video game exclusively available for Fire TV.
Amazon has also announced a 3D smartphone coming out this summer, which would display 3D content without the special glasses. In addition, Amazon launched Prime Pantry, which is only available to Prime members.