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<Results>BABA-W: Capex on AI+Cloud Infra Reaches RMB120B Over Past 4 Quarters
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BABA-W (09988.HK)(BABA.US) announced its second fiscal quarter revenue ending September, amounting to RMB247.795 billion, marking an YoY increase of 4.8%. This slightly exceeded the expectations of 16 brokers, which predicted between RMB236.229 billion and RMB247.652 billion. Excluding the revenue of the disposed business of SUNART RETAIL (06808.HK) and Intime, revenue on like for like basis will grow by approximately 15%. By business division,Cloud Intelligence Group recorded revenue of RMB39.824 billion, a YoY increase of 34%. CFO Toby Xu disclosed that capital expenditure on AI and cloud infrastructure reached approximately RMB120 billion over the past four quarters, indicating that the group is re-investing profits and free cash flow for the future, while expecting near-term profitability to fluctuate. AASTOCKS Financial News Website: www.aastocks.com |
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