Alibaba (BABA) Tops Q1 EPS by 37c; Revenues Beat

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Go back to Alibaba (BABA) Tops Q1 EPS by 37c; Revenues Beat

Alibaba Group Announces June Quarter 2019 Results

August 15, 2019 7:05 AM EDT

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended June 30, 2019.

Alibaba had a great quarter, expanding our user base to 674 million annual active consumers, demonstrating our superior user experience, said Daniel Zhang, Chief Executive Officer of Alibaba Group. We will continue to expand our customer base, increase operating efficiency and deliver robust growth. With strong cash flow from our core commerce business, we will continue to invest in technology and bring digital transformation to millions of businesses globally.

We had a... More