page contents

Alibaba Sees Huge Growth From the Cloud

Alibaba Group Holding Ltd. (NYSE: BABA) released its fiscal first-quarter financial results before the markets opened on Thursday. The Chinese e-commerce giant said that it had $ 1.17 in earnings per share (EPS) and $ 7.4 billion in revenue, which compared with consensus estimates of $ 0.93 in EPS and revenue of $ 7.13 billion. The same period of last year reportedly had EPS of $ 0.74 and $ 4.84 billion in revenue.

During the quarter, annual active consumers on Alibaba’s China retail marketplaces reached 466 million, an increase of 12 million from the 12-month period ended…
24/7 Wall St.

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.