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Alibaba Q1 non-GAAP EPS up 56% YoY

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Christian Fernsby ▼ | August 16, 2019
Alibaba   First-quarter non-GAAP earnings per ADS was RMB 12.55

Alibaba Group Holding Limited reported a strong quarter to start its fiscal year, with June quarter revenue growing 42% and adjusted EBITDA growing 34% year-over-year. The company expanded its user base to 674 million annual active consumers.

Topics: Alibaba

First-quarter non-GAAP earnings per ADS was RMB 12.55 or $1.83, an increase of 56% year-over-year. On average, 26 analysts polled by Thomson Reuters expected the company to report profit per share of $1.46, for the quarter. Analysts' estimates typically exclude special items. Adjusted EBITDA increased 34% year-over-year to RMB 39.24 billion or $5.72 billion.

For the first-quarter, revenue was RMB 114.9 billion or $16.74 billion, an increase of 42% year-over-year. Analysts expected revenue of $15.82 billion for the quarter. Cloud computing revenue grew 66% year-over-year to RMB 7.79 billion or $1.13 billion, primarily driven by an increase in average revenue per customer.

During the first-quarter, annual active consumers on China retail marketplaces reached 674 million, an increase of 20 million from the 12-month period ended March 31, 2019.

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