Shares & Derivatives
Alibaba Group Holdings – FY2022 Q1 Earnings + Live Conference Q & A
By A Path to Forever Financial Freedom (3Fs)  •  August 3, 2021
Revenue for the quarter is at US$31.8 billion, which represents a 34% increase year on year. This includes the consolidation of Sun Art, which was consolidated into the Group numbers from previous quarter. Without Sun Art, revenue would have grown 22% year on year. If we go through by segmental reporting, revenue sales for the e-commerce grew by 35% year on year while cloud computing grew by 29% year on year. The slower than expected growth in cloud computing is due to one main cloud customer in the international segment that has stopped using the service due to non-product related requirements. Without this, the growth would have been closer to 40% year on year. Monthly Active Customer (MAU) for the platform ecosystem grew to 1.18 billion globally, which is an increase of over 45 million from the previous year....
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By A Path to Forever Financial Freedom (3Fs)
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