Fourth-quarter net revenue rose 36% to $1.95B, the company said Amazon.com Inc.’s net revenue and net profit both grew healthily in its fourth quarter and helped the online retailer close 2003 with a profit, a first for the company, it announced yesterday. Net revenue in the fourth quarter, which ended Dec. 31, 2003, rose 36% to $1.95 billion compared with 2002’s fourth quarter. Net profit grew to $73 million, or 17 cents per share, compared with net profit of $3 million, or 1 cent per share, in 2002’s fourth quarter. For the full year, net revenue grew 34% to $5.26 billion. Net profit came in at $35 million, or 8 cents per share, compared with a net loss of $149 million, or 39 cents per share, in 2002. Excluding one-time charges, Amazon’s pro forma fourth-quarter net profit was $125 million, or 29 cents per share, meeting the consensus expectation from financial analysts polled by Thomson Financial/First Call. Jeff Bezos, Amazon’s CEO, in a statement credited the company’s low prices, free shipping options and wide variety of products for the strong quarterly results. Viewing the results geographically, Amazon’s North American fourth-quarter net revenue grew 18% year over year to $1.14 billion. Amazon’s U.S. and Canadian Web sites make up its North America region. Meanwhile, international net revenue rose 74% to $804 million. This includes sales from Amazon’s Web sites for the U.K., Germany, France and Japan. Looking ahead, Amazon expects first-quarter 2004 net revenue to be $1.39 billion to $1.49 billion, an increase of 28% to 38% over the first quarter of 2003. For the full year 2004, net revenue is expected to be $6.2 billion to $6.7 billion. Related content news analysis Within two years, 90% of organizations will suffer a critical tech skills shortage Along with AI skills, skills in IT ops and cloud development are severely lacking, IDC reports. By Lucas Mearian May 31, 2024 7 mins Generative AI IT Jobs IT Skills news analysis Google partners with Magic Leap on mixed reality development The Magic Leap collaboration follows Google’s partnership to develop mixed reality devices with Samsung last year. By Matthew Finnegan May 31, 2024 3 mins Augmented Reality Virtual Reality Emerging Technology how-to Microsoft OneDrive cheat sheet: Using OneDrive in Windows If you have Windows 10 or 11, you have OneDrive. With this quick guide, you can learn how to sync, back up, and share files in OneDrive with built-in Windows tools. By Howard Wen May 31, 2024 15 mins OneDrive Cloud Storage Windows analysis Apple's mutating supply chain sees winners and losers Shifting manufacturing centers are generating fresh challenges. By Jonny Evans May 31, 2024 5 mins iPhone Manufacturing Industry Apple Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe