In the Amazon 2000 Q4 fund letter, Amazon (AMZN, Financial) was highlighted for its strategic resilience and operational improvements despite a challenging market environment. The company served 20 million customers in 2000, a significant increase from the previous year, and achieved a notable sales growth to $2.76 billion from $1.64 billion in 1999. This growth was accompanied by a substantial reduction in pro forma operating losses, reflecting enhanced operational efficiencies. International sales also saw a robust increase, underscoring Amazon's expanding global footprint. The company concluded the year with a strong cash position, bolstered by early 2000 euro convert financing, which provided a solid foundation for future growth initiatives.
"Despite the stock price decline, Amazon.com is better positioned today than it was a year ago, with significant improvements in customer satisfaction and operational metrics. Our focus remains on long-term growth and customer-centric innovation." — Jeffrey P. Bezos, Amazon 2000 Q4 Fund Letter
Read full letter at gurufocus Amazon 2000 Q4 page.
