Chinese giant Alibaba posts profit and revenue beat in December quarter amid strength in cloud unit
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Alibaba reported better-than-expected profit and revenue for the December quarter, driven by strong performance in its Cloud Intelligence unit.
February 20, 2025 | 11:00 am
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Alibaba's strong earnings report for the December quarter, driven by its Cloud Intelligence unit, suggests positive short-term momentum for the stock.
Alibaba's earnings and revenue beat expectations, primarily due to the strength of its Cloud Intelligence unit. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100