By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd reported quarterly results which showed net income rising 15.5 percent to $1.11 billion for the July-September period, meeting forecasts. It was the Chinese e-commerce giant's first report to investors since its record-setting $25 billion listing in September. The non-GAAP net income – which excludes the share-based compensation expenses and amortisation of intangible assets – compared with a consensus estimate of $1.17 billion based on a Thomson Reuters SmartEstimate poll of 21 analysts. Revenue rose 53.7 percent to $2. …
Originally posted here:
Alibaba’s net income up 15 percent, revenue up 54 percent
Comments are closed, but trackbacks and pingbacks are open.