By John Glenday

Amazon has posted a stellar financial result for the first quarter of the year after recording earnings growth of 23 per cent over the period following introduction of a number of new initiatives.

The growth spurt saw revenue hit $19.74bn in the first three months of the year, a healthy increase on the $16.07bn reported in the same period a year prior, boosting net income from $82m to $108m in the process.

Nevertheless this turnaround wasn’t reflected in operating income, which actually fell 19 per cent to $146m from $181m over the 12 months.

In recent times Amazon has mushroomed into a galaxy Read full story ›

Source: The Drum