Company Earnings Update 3 minutesRegister for Free AccessAlibaba (BABA) 2Q17 RESULTS: REVENUE BEATS CONSENSUS ON STRONG GROWTH IN E-COMMERCE AND MEDIA Coresight Research November 4, 2016 Executive Summary Alibaba reported 2Q17 non-GAAP diluted EPS of US$0.79, ahead of the US$0.70 consensus estimate and up 7% year over year. Revenues were US$5.14 billion, up 54.7% year over year and above the consensus estimates. Core commerce revenue totaled ¥49 billion (US$4.23 billion) for 2Q17, an increase of 40.8% year over year. Cloud Computing and Digital Media & Entertainment both recorded triple-digit year-over-year growth in revenue. Strong margin in the core Commerce segment will help the company to continue investment in future growth areas. 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: Retail 2025: China Retail PredictionsFour Technologies Retailers Can Use to Enchant Consumers: Insights Presented at CES 2025Weekly US and UK Store Openings and Closures Tracker 2025, Week 10: US Store Openings Exceed 2,000Innovator Profile: Lumi AI—Uncovering Hidden Value with Automated Data Intelligence
