Online retailer Amazon has reported a 22% rise in its revenues during the first quarter of 2013 to $16.07bn, which was mainly boosted by increasing sales of digital content, cloud computing services and growth in its main retail business.
During the quarter, the firm reported a 37% drop in net income to $82m, compared to $130m reported during the corresponding quarter in 2012.
Amazon’s operating income for the quarter reached $181m, a drop of 6% from the same period the prior year.
The company’s year-over-year unit growth reached 30%, a drop from 49% registered during the same quarter a year ago, while net shipping costs were at 4.7% of sales, drop from 5.1% in 2012.
International revenue increased by 16% in the most-recent quarter, year-over-year, a drop from a 31% growth rate during the corresponding period in 2012.
The Online retailer projects its second-quarter revenue to range between $14.5bn and $16.2bn and operating results to reach $350m.
Amazon is also working on a TV set-top box aimed at streaming video over the Internet under its Instant Video-branded service.
Anticipated to be launched during late 2013, the device would connect to TVs as well as enable accessing the company’s video services, such as the Amazon Video on Demand store.
