Q3 revenue at Alibaba Group soars 55%

05 Nov '16

1 min read

For the third quarter ended September 30, 2016, revenue at Alibaba Group soared 55 per cent year on year to RMB 34,292 million or $5,142 million. Sales from the core commerce business surged 41 per cent, cloud computing surged 130 per cent and the digital media and entertainment business rose a mind boggling 302 per cent, all growing over a year ago quarter.

Income from operations for the third quarter of 2016 was RMB 9,045 million or $1,356 million, while adjusted EBITDA totalled RMB 15,875 million or $2,381 million.

In the reporting quarter, operating margin amounted to 27 per cent and adjusted EBITDA margin stood at 46 per cent, while adjusted EBITA margin for core commerce business was 62 per cent.

Diluted EPS in the quarter under review touched RMB 2.97 or $0.45 and non-GAAP diluted EPS was RMB 5.26 or $0.79.

According to the Chinese ecommerce retailer, net cash provided by operating activities touched RMB 17,206 million or $2,580 million and non-GAAP free cash flow was RMB 13,943 million or $2,091 million. (AR)

Fibre2Fashion News Desk – India

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