Alibaba beats by $0.03, beats on revs; guides FY19 revs above consensus (182.45)
- Reports Q4 (Mar) earnings of $0.91 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.88; rev grew 61% to $9.87 bln vs. $9.36 bln consensus.
Revenue from core commerce increased 62% year-over-year to RMB51,287 million (US$8,176 million).
Revenue from cloud computing increased 103% year-over-year to RMB4,385 million (US$699 million).
Revenue from digital media and entertainment increased 34% year-over-year to RMB5,272 million (US$840 million).
Revenue from innovation initiatives and others increased 8% year-over-year to RMB988 million (US$158 million).
Annual active consumers on our China retail marketplaces reached 552 million, an increase of 37 million from the 12-month period ended December 31, 2017.
Mobile MAUs on our China retail marketplaces reached 617 million in March 2018, an increase of 37 million over December 2017. - Co issues upside guidance for FY19, sees FY19 revs growth above 60% -- to over $63.8 bln vs. $54.5 bln Capital IQ Consensus.