Alibaba (BABA) Tops Q4 EPS by 7c, Revenue Rises 61%

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Go back to Alibaba (BABA) Tops Q4 EPS by 7c, Revenue Rises 61%

Alibaba Group Announces March Quarter 2018 Results and Full Fiscal Year 2018 Results

May 4, 2018 7:24 AM EDT

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended March 31, 2018 and fiscal year then ended.

Alibaba Group had an excellent quarter and fiscal year, driven by robust growth in our core commerce business and investments we have made over the past several years in longer-term growth initiatives, said Daniel Zhang, Chief Executive Officer of Alibaba Group. With the continuing roll out of our New Retail strategy, our e-commerce platform is developing into the leading retail infrastructure of China. During the past year we also... More