Alibaba Cloud Q1 Revenue of $3.465B Grew 4% YoY
Portfolio Pulse from Benzinga Newsdesk
Alibaba Cloud, a part of Cloud Intelligence Group, reported a Q1 revenue of $3.465 billion, marking a 4% YoY growth. The revenue was generated from customers within and beyond Alibaba's ecosystem.
August 10, 2023 | 10:09 am
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Alibaba's cloud division reported a 4% YoY increase in Q1 revenue, reaching $3.465 billion. This growth indicates a steady demand for Alibaba's cloud services.
The 4% YoY growth in Alibaba Cloud's Q1 revenue indicates a steady demand for its services. This could potentially attract more investors, driving up Alibaba's stock price in the short term.
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