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Revenue from Alibaba's cloud business rose 4 percent year on year to 20.76 billion yuan in the second quarter

via:新浪科技     time:2022/11/19 12:02:16     readed:139

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Sina Science and technology news Beijing time on November 17 evening news, Alibaba (NYSE: BABA; HKEX: 9988) today reported financial results for the second quarter of its fiscal year 2023 ending September 30, 2022. (Note: Alibaba's fiscal year does not coincide with the Natural year, which begins on April 1 of each year and ends on March 31 of the following year.) Alibaba reported revenue of 207.176 billion yuan ($29.124 billion) in the second quarter, up 3 percent from 200.69 billion yuan a year earlier. The net loss was 22.467 billion yuan ($3.158 billion), compared with a net profit of 3.337 billion yuan a year earlier. On a non-GAAP basis, net profit was 33.82 billion yuan ($4.754 billion), up 19% from 28.524 billion yuan a year earlier.

The results showed that the revenue of Alibaba's cloud business for the three months ended September 30, 2022, was 20.76 billion yuan, up 4% year on year, compared with the market estimate of 21.11 billion yuan.

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