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Amazon just posted its 51st consecutive quarter of double-digit sales growth

Published This article is more than 2 years old.


You have to go all the way back to September 2001 to find a quarter where Amazon didn’t grow sales by more than 14%, according to FactSet’s records.

The e-commerce giant just reported a 23% increase in first-quarter sales, to $19.74 billion. Net income was also up, by about 24% from a year ago to $108 million, while operating cash flow—which is Amazon CEO Jeff Bezos’ preferred metric for valuing the health of the business—was up 26% to $5.35 billion.

Investors can’t seem to make up their minds about the results though; shares are gyrating in and out of positive territory in after-hours trading.

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