Ebay (EBAY) Posts Impressive Results

Ebay (NASDAQ: EBAY) posted above expectation Q4FY09 results on the strength of a good holiday season, a sale of skype, and a booming paypal business.

Talking with CNBC, CEO John Donahoe said that the company had a good holiday season in domestic as well as in international markets. He expressed his optimism about the uptrend in E-Commerce. He said that Ebay is well positioned in the E-Commerce space. He also said that customers have reacted favorably to the changes in Ebay.

On being asked about trailing behind Amazon, the CEO stated that Ebay is the largest truly global E-commerce player and therefore has a bright future ahead. He also pinned his hopes on growth in the Paypal business. He said that Ebay and Paypal have good synergy.