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Alibaba The previous quarter expected more expected in the June quarter feeds accelerated sales in its cloud computer drive and the revival of its e-commerce business continuously.
However, China’s giant revenue analysts entered under the forecasts. The stock of Alibaba rose by 12.9% in the US afterwards.
Here Alibaba finished in his first quarter prosecutor June, compared to Lega:
- Income: 247.65 billion yuan ($ 34.6 million) expected 252.9.9 billion yuan.
- Net income: 43.11 million Yuan compared to 28,500 million yuan.
The income rose by 2% year-year, and the company rose by 78% net income. Alibaba increased its profit rise in some heritage investments and available to the Turkish trade e-Trendyol company. Compensated as a result of the decrease in income of operations.
However, removed from investment gains, Alibaba’s net income would reduce 18% in China, because it continues to invest in the immediate trading space in China.
Alibaba is delicate balancing among investment areas, such as artificial intelligence and new e-commerce models, while it shows that it can continue to grow in the Chinese market. So far, investors have awarded Alibaba this year with a 40% rally in our US list.
This is partly, acceleration of speed acceleration in its cloud cloud division, as well as improvements in Chinese and international e-commerce businesses.
The cloud accelerates
Cloud computing was one of the brightest areas.
Alibaba said that the income was 33.4 million yuan in division, 26% year-on-year. This was faster than the 18% growth rate seen in the previous quarter. Alibaba’s cloud unit is essential for artificial intelligence to get money, like Microsoft or Google.
“Driven by a strong request, the Cloud Intelligence Group has rapid revenue and the revenue of the AI products are important parts of external customers,” said Alibaba CEO Eddie Wu in a statement.
Investors are based on investments in the artificial intelligence of Alibaba, where the global player has become important. The company has Different AI models were launched And the services is selling through cloud computer division.
While Alibaba has focused on open source AI, his models can be used when developers are free and built. AI also sells services through the cloud unit.
Alibaba said the AI-related product income “maintains a triple-year-year-year-old quarterly quarter.
Adjusted profits, interests, taxes and depreciation (events), profitability measures, 26% year-on-year jump on the cloud unit.
Alibaba AI is developing a new chip It seems to construct the growth in cloud distribution, CNBC reported on Friday. Chip’s news, first reported by Wall Street Journal, was also the driver behind Alibaba’s share on Friday.
The management of Alibaba said on Friday is that the company’s goal is to maintain cloud growth rate above the market average, rather than collecting raw margins in the empty term.
“Fast Trade” wars
Alibaba’s e-commerce business, accounts of more than 50% of income had mixed results.
In general, the revenue rose by 10% year-on-year in 19.6 billion yuan. Customer management income, which sells Alibaba and sells other services for traders, jumped 10%. CMR accounts for e-commerce income account.
However, adjusted distribution profits fell by 21% in the quarter every year. That’s because Alibaba has invested a lot of trading quickly or in immediate trade. In Taobao, Alibaba is one of the main Chinese commercial applications in China, which offers the shipments of certain products this year in an hour
The competition is intense in China, including giant food delivery with enemies, including JD.com. And competition is already taking the toll some of these companies, Me-Mean this week appear 89% immersion in the net second quarter.
The fast trade division of Alibaba would lead to more than 14.8 trillion, or $ 2 billion rises by 12% year-on-year. Call the profits on Friday, the Alibaba Management said the immediate trade of 1 billion yuan would add to the highest value of the gross goods in the next three years (GMV). The GMV is the amount of money crossed by Alibaba’s platforms, but does not return in direct income.
Still, investors appear well with Alibaba’s immediate trading investment, in fact, the cloud computer business continues to grow, and includes its international online purchase unit.
