Alibaba (BABA) tops Q1 earnings estimates, approves Cloud Intelligence Group spin-off

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. WCN
6. SPOT
7. BMY
8. SPY
9. FIX
10. TSCO

Go back to Alibaba (BABA) tops Q1 earnings estimates, approves Cloud Intelligence Group spin-off

Alibaba Group Announces March Quarter and Full Fiscal Year 2023 Results

May 18, 2023 7:05 AM EDT

HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter and fiscal year ended March 31, 2023.

In an increasingly complex world, we have proactively transformed our organization to strengthen the competitiveness of our businesses through greater independence to address the evolving needs of different customers and capture new opportunities, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. We are taking concrete steps towards unlocking value from our businesses and are pleased to announce that our board has approved a full spin-off of the Cloud... More