Alibaba Q2 FY24 (ending Sept. 2023).
No more cloud spin-off due to US chip export restrictions.
• Revenue +9% Y/Y to $30.8B ($0.2B miss).
• Non-GAAP EPADS $2.14 ($0.05 beat).
• Operating margin 15% (+3pp Y/Y).
• Free cash flow margin 20% (+3pp Y/Y).
• Revenue +9% Y/Y to $30.8B ($0.2B miss).
• Non-GAAP EPADS $2.14 ($0.05 beat).
• Operating margin 15% (+3pp Y/Y).
• Free cash flow margin 20% (+3pp Y/Y).
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Ranger Rices : I will not touch Alibaba anymore. The management are incable of their execution! I couldn't understand how they worked out the plan 1+6+N a few months ago and now tell us 3 will be scrapped! what a joke!
Kuries OP Ranger Rices :
WANDD88 : Income statements, valuation and all fundamentals works well in normal democratic countries.
None of these data matters anymore when the company is in the control of communist party. The data doesn't translate to anything when the party wants to thumb it down.
I am so happy that I left Baba alone 2 years ago and never touched it ever... maybe I will buy the shares when it's $30.....maybe not