Thursday, August 11, 2016

Alibaba Rack Up 156% Revenue Growth for AliCloud

Alibaba cited 156% YoY revenue for Aliyun, its cloud division, where the segment adjusted EBITA narrowed to $(24) million.  The figure puts Aliyun on a faster growth trajectory than AWS or Azure, which also reported strong growth numbers during the first half of 2016. However, Aliyun remains much smaller, with Q2 revenue of US$187 million.

Cloud computing paying customers increased 119% YoY to 577k.  Aliyun launched 319 new products and features during the quarter.

The company said Aliyun's adjusted EBITA margin significantly improved YoY due to robust revenue growth and economies of scale.

http://www.alibabagroup.com/en/ir/presentations/pre160811.pdf

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