The Internet largest retailer, Amazon.com has posted financial results for its second quarter ended June 30, 2007.

The company said that earnings for the three months ended June 30 climbed to $78 million, or 19 cents per share, from $22 million, or 5 cents per share during the same period last year.

Amazon.com said that the growth is due to the strong sales of books, music and electronics worldwide.

Operating cash flow was $895 million for the trailing twelve months, compared with $610 million for the trailing twelve months ended June 30, 2006. Free cash flow was $700 million for the trailing twelve months, an increase of 87% compared with $375 million for the trailing twelve months ended June 30, 2006.

“Our strong revenue growth this quarter was fueled by low prices and the added convenience of Amazon Prime,” said Jeff Bezos, founder and CEO of Amazon.com. “More and more customers are taking advantage of Amazon Prime and we’re pleased with the acceleration in subscriber growth this quarter.”

Amazonj.com Chief Financial Officer Tom Szkutak said was the "highest growth rate in more than 6 years."

Also, Szkutak said items sold by third-party merchants increased to 30 percent of total unit sales on the site, up slightly from a year ago.

Also the company announced its expectancies for the third quarter. Amazon.com said that net sales are expected to be between $3.0 billion and $3.175 billion, or to grow between 30% and 38% compared with third quarter 2006.

Also Operating income is expected to be between $75 million and $110 million, or grow between 88% and 175% compared with third quarter 2006.