Quarterly revenue of Alibaba grew by 61%

China's Internet giant Alibaba Group Holding in the fourth fiscal quarter, ended in March, reduced its net profit by 33% to 7 billion 561 million yuan in connection with a large one-time financial income in the same quarter a year earlier. Net profit without taking into account non-recurring factors increased by 37%. Adjusted earnings per share increased from 63 cents to 91 cents, analysts had predicted 85 cents per share. Revenues in terms of the US dollars amounted to 9 billion 873 million dollars. Experts had expected the figure at the level of 9.3 billion dollars. Revenues of Alibaba's core retail business increased 62%. The cloud division increased revenues by 103%. As a result of the financial year, the company's net profit increased by 40% to 24.51 yuan per share, revenue increased by 58% to 250 billion 270 million yuan.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: