Doxo Takes Aim At Paperless Adoption

Doxo, a Seattle based start-up focused on helping people and businesses go paperless, said today it has received $5.25 million in funding.

The funding was led by Mohr Davidow Ventures and Amazon CEO Jeff Bezos, Bezos Expeditions.

Doxo said the funding is aiding the company’s expansion and private trials with some of the largest U.S. utility, insurance, banking, Internet, satellite, phone, travel and cable providers.

Amazon First Quarter Earnings Up 68%

Amazon.com reported today that its net income for the first quarter increased 68 percent to $299 million, or 66 cents per share, compared with net income of $177 million, or 41 cents per share in the first quarter of 2009.

Analysts expected earnings of 61 cents a share on revenue of $6.87 billion, according to a consensus forecasts from Thomson Reuters.

Amazon Posts Strong Q4 Results

Amazon.com today reported strong fourth quarter profits that beat Wall Street analyst’s estimates.

The online retailer said its net income increased 71 percent to $384 million in the fourth quarter, or 85 cents per share, compared with $225 million, or 52 cents per share in the fourth quarter of 2008.

Net sales increased 42 percent to $9.5 billion in the fourth quarter, compared with $ 6.7 billion in the fourth quarter of 2008.