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Q3FY17 revenue soars 54% at Alibaba Group
Jan '17
For the three months ended December 31, 2016, revenue at Chinese ecommerce giant Alibaba Group soared 54 per cent year on year to RMB 53,248 million or $7,669 million. Of this, sales from the ecommerce segment surged 45 per cent to RMB 46,576 million or $6,708 million and cloud computing revenue drove up 115 per cent to RMB 1,764 million or $254 million.

Again of overall revenue in the third quarter of fiscal 2017, turnover from digital media and entertainment increased steeply by 273 per cent over the fiscal ago quarter at RMB 4,063 million or $585 million, while sales from innovation initiatives and others rose 61 per cent to RMB 845 million or $122 million.

In the reporting quarter, net cash from operating activities amounted to RMB 37,416 million or $5,389 million and non-GAAP free cash flow stood at RMB 34,122 million or $4,915 million.

Net income for the quarter under review totalled RMB 17,157 million or $2,471 million and diluted EPS was RMB 6.94 or $1.00, while non-GAAP diluted EPS was RMB 9.02 or $1.30. (AR)

Fibre2Fashion News Desk – India

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