Amazon Reports $43 Billion in Fourth Quarter Sales

Online retail giant Amazon continues to draw consumers to its web-based shopping platform. The company announced its fourth quarter net sales revenue was $43.7 billion, up 22 percent from $35.7 billion in the fourth quarter of 2015.

During the fourth quarter of 2016, operating cash flow for Seattle-based Amazon increased 38 percent to $16.4 billion, compared with $11.9 billion during the same period in 2015. Free cash flow rose to $9.7 billion for the quarter compared with $7.3 billion in the year-ago period.

In addition to its sales increase, Amazon announced it will create more than 100,000 full-time jobs with benefits in the United States over the next 18 months. The jobs will be diverse in location, experience, and education.

Amazon expanded its booming business in New York City and across the country during 2016. The company teamed up with New York-based RCN Business through Amazon Web Services, offering customers a super fast connection up to 10-gigabits. The company will also open a retail store in the Time Warner Center near Midtown. A spokesperson for Amazon confirmed to the New York Times that the new store is expected to open in the Spring of 2017.

Monica Link

Monica Link

Editor-in-Chief for New York City Wired - Monica Link is a New York City-based technology / fashion writer and entrepreneur. Monica has interviewed CEO's, rising tech entrepreneurs and celebrities. Her work is followed by readers in more than 10 countries. Monica's notable interviews incliude celebrity trainer Gunner Peterson, New York Times bestsellers David Bach and Josh Linkner. As a passionate lover of the arts, Monica has performed, written and produced in live theater. She also writes about gallery exhibits, literature and fashion including New York Fashion Week. Follow her on Twitter @Memymonicalink