In this file:
· Alibaba Blasts Q4 Earnings Estimates, Cloud Revenues Surge Past $1 Billion
· Alibaba Reports Slower Growth as U.S.-China Trade War Intensifies
Alibaba Blasts Q4 Earnings Estimates, Cloud Revenues Surge Past $1 Billion
Alibaba posted stronger-than-expected fourth quarter earnings Wednesday as consumer growth on its online marketplace surged and its tie-up with Starbucks, the world's biggest coffee chain, helped boost revenues.
Martin Baccardax, TheStreet
May 15, 2019
Alibaba Holding Co. (BABA - Get Report) posted stronger-than-expected fourth quarter earnings Wednesday as consumer growth on its online marketplace surged and its tie-up with Starbucks (SBUX - Get Report) , the world's biggest coffee chain, helped boost revenues and its cloud computing sales surged.
Alibaba said diluted non-GAAP earnings for the three months ending in March, the company's fiscal fourth quarter, came in at $1.27 per share, up 39.5% from the same period last year and well ahead of the Street consensus forecast of 95 cents per share. Group revenues rose 41% to $13.932 billion and again topped analysts' estimates of $13.33 billion.
Cloud computing revenues, Alibaba said, rose 76% from last year to 7.726 million Chinese yuan ($1.12 billion), as the group continues to challenge the global market dominance of Amazon's (AMZN - Get Report) AWS and Microsoft's (MSFT - Get Report) Azure.
"More and more, Alibaba is becoming synonymous with everyday consumption in China, growing our base to 654 million annual active consumers and extending our penetration in less-developed cities," said CEO Daniel Zhang. "Our cloud and data technology and tremendous traction in New Retail have enabled us to continuously transform the way businesses operate in China and other emerging markets, which will contribute to our long-term growth."
Alibaba's U.S.-listed shares were marked 4.5% higher in pre-market...
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Alibaba Reports Slower Growth as U.S.-China Trade War Intensifies
By Raymond Zhong, The New York Times
May 15, 2019
One of the world’s leading internet giants appears to be feeling the effects of China’s economic slowdown and the trade war with the United States.
The Alibaba Group, China’s largest e-commerce company, said on Wednesday that revenue increased by 51 percent in the March quarter from the same period last year. That topped Wall Street’s expectations, and represents a pickup from the quarter before. But it is still the company’s second-slowest pace of revenue expansion since early 2016.
For the full year that ended March 31, revenue also grew by more than half. The company said, however, that the increase was partly the result of adding several recently acquired businesses, such as the takeout delivery service Ele.me, to its sales computations. Without those, it said, full-year sales would only have increased by 39 percent, the slowest growth in three years.
Alibaba also said the number of customers on its Chinese retail marketplaces for the full year that ended in March grew to 654 million, an increase of 102 million.
China’s economy has slowed since the tariff fight with the United States began last year. Diplomacy with Washington has frayed. Alibaba’s sprawling business makes it a closely watched bellwether for consumer and business sentiment in China. But the company’s size and breadth may also make it better positioned than many other Chinese businesses to weather the present choppiness...