Alibaba Tops Revenue Forecasts As Investments Clip Margins

Alibaba Tops Revenue Forecasts As Investments Clip Margins

BEIJING - Alibaba Group Holding Ltd (BABA.N) reported better than expected top line results on Friday, driven by strong sales in its commerce and clo

Alibaba To Invest 320 Million In Thailand As Rivals Boost Presence
Alibaba Beats Sales Forecasts On Strong Commerce Growth
Dubais Alibabacoin Says Alibaba Has No Monopoly On Magic Name

BEIJING – Alibaba Group Holding Ltd (BABA.N) reported better than expected top line results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by flurry of investments.

The company’s March-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase.

The results mark two years of continuous quarterly revenue growth above 50 percent for Alibaba, even as new business investments in offline retail, cloud computing and overseas expansion continue to weigh on margins.

COMMENTS

WORDPRESS: 0
DISQUS: