Company Earnings Update 3 minutesRegister for Free AccessAlibaba (BABA) 1Q19 Results: Strong Revenue Growth, Although Margins Are Squeezed Coresight Research August 27, 2018 Executive Summary Alibaba reported 1Q19 revenues of ¥80.9 billion, up 61% year over year. The company attributed the strong results to robust revenue growth from its China retail business, the consolidation of Cainiao Network and Ele.me, as well as a near-doubling of revenues in the Alibaba Cloud business. Core commerce revenues reached ¥69.2 billion, up 61% year over year. International retail revenues were up 64% year over year, primarily driven by the growth in revenues on the two marketplaces, Lazada and AliExpress. Cloud computing sales reached ¥4.7 billion, up 93% year over year, driven by solid growth in paying customers, as well as higher value-added products and services. Management did not provide full-year guidance. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: US Consumer Tracker: Shoppers Weigh Holiday Needs Against Health and Weather ConcernsChina’s Quick Commerce Market: Competitive Landscape and Emerging Trends Point to GrowthRetail Shrink and ORC: US Retailers Continue To Backtrack on Self-Checkout, Shoplifting Soars to Record Levels in England and WalesRevolutionize Your Product Launch Strategy: Leveraging Generative AI Applications for Enhanced Speed and Profitability
