Alibaba (BABA) Results 'Strong', RBC Capital's Mahaney Says; PT to $110
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Alibaba Group Announces March Quarter 2015 and Full Fiscal Year 2015 Results
May 7, 2015 7:00 AM EDTCompany Also Appoints New CEO and New Member of the Board of Directors
HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended March 31, 2015 and the fiscal year then ended (fiscal year 2015).
Alibaba had a strong quarter with significant growth across our key operating metrics, said Jonathan Lu, Chief Executive Officer of Alibaba Group. We grew revenue, gross merchandise volume and annual active buyers, and we expanded our unrivaled leadership position in mobile. Lu continued, GMV across our China retail marketplaces grew 40%... More
