Monday, May 25, 2020

Alibaba Cloud grew 58% YoY in March quarter

Alibaba's cloud division recorded sales of RMB 12.217 billion (US$1.725 billion) for its most recent quarter, up 58% YoY.  The growth was primarily driven by increased revenue contributions from both its public cloud and hybrid cloud businesses. Adjusted EBITA was a loss of RMB179 million (US$25 million).



https://www.alibabagroup.com/en/ir/presentations/pre200522.pdf