US internet retailer Amazon increased sales by 35% to $2.89 billion over the second quarter ending June 30, 2007.
Sales from the company’s US and Canadian sites increased by 38% to $1.60 billion compared to the second quarter of 2006. Sales from the company’s international segment, including the UK, German, Japanese, French and Chinese sites, increased by 31% to $1.28 billion. Excluding the impact of changes in foreign exchange rates throughout the quarter, international net sales grew by 26%.
Jeff Bezos, founder and chief executive officer of Amazon.com, said that strong revenue growth over the quarter was fueled by low prices and the added convenience of Amazon Prime, a fee-based membership program that offers free shipping.
More and more customers are taking advantage of Amazon Prime and we’re pleased with the acceleration in subscriber growth this quarter, said Mr Bezos.