The actions of the Chinese giant climb almost 19% after announcing an interannual increase of 78% to their net benefit. The cloud intelligence business grew by 26% and electronic commerce by 10%, although the company reported a 3% drop in operational income.
Alibaba He surprised the market with the publication of his results of the quarter ending in June, corresponding to his first fiscal quarter. The company registered a Net profit of 43,116 million yuan (US $ 5.9 billion approx.)which represents a 78% year -on -year increase. The strong performance triggered its actions in the Hong Kong bagwhich uploaded this Monday to a 18.8%marking one of the best stock market movements of the year for the firm.
Impulse from the cloud and consumption
He CEO Eddie Wu He stressed that the strategy based on Mass consumption and artificial intelligence + cloud It was key to reaching these numbers.
“We generate substantial synergies by combining resources from our consumption platforms, which resulted in new maximums in monthly active consumers and volume of daily orders,” said the manager.
By business segments, the area of cloud intelligence led growth with an advance of 26%while the Electronic commerce increased a 10% year -on -yearwith revenues for 19.6 billion yuan. In parallel, the division of fast trade contributed more than 14,800 million yuan, a 12% more than the previous year.
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Despite the solid performance in billing, which reached 247,652 million yuan (+2% year -on -year), Alibaba reported a 3% drop in operational incomeup to 35,000 million yuan. In addition, the adjusted profits of their electronic commerce unit reduced a 21%.
Future perspectives
He Toby Xu Financial Director He stressed that the strength of central businesses provides confidence to continue investing: “We successfully fulfill our commitment to improve operational efficiency, since AIDC significantly reduced their losses, approaching this quarter equilibrium,” he said.
Looking ahead, Alibaba ratified that he will continue to focus on his efforts on the two strategic pillars that marked this quarter: Artificial consumption and intelligence + cloudwith the aim of taking advantage of what he described as “Historical opportunities“Growth.
Source: Ambito
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