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Amazon.com Posts Strong Sales Numbers In 1Q 2017

April 27, 2017: 12:00 AM EST
Online retailer Amazon.com, Inc., reported operating cash flow jumped 53 percent to $17.6 billion for the trailing 12 months ending March 31, 2017, compared with the same period in the previous year. Free cash flow grew to $10.2 billion, compared with $6.7 billion in the previous year. In the first quarter of 2017, net sales grew 23 percent to $35.7 billion, compared with $29.1 billion in the first quarter of 2016. Operating income dropped 6 percent to $1.0 billion in the first quarter, compared with $1.1 billion in the first quarter of 2016.
"Amazon.com Announces First Quarter Sales up 23% to $35.7 Billion", Amazon, April 27, 2017, © Amazon.com, Inc.
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