(Alibaba) Alibaba Group Holdings posted revenues of RMB200.69 billion or US$31.147 billion in the second quarter, up 29% from the prior year. The revenue missed an estimate of RMB204.93 billion.
The company’s annual active customers reached about 1.24 billion for the twelve months that ended September 30, an increase of 62 million from the twelve months that ended June 30.
Income from operations rose by 10% from the prior year to reach RMB15.01 billion or US$2.329 billion.
Net income was RMB3.337 billion or US$524 million, representing a decline of 87% from the prior year.
GAAP diluted earnings per share was recorded at RMB0.25 or US$0.04, a decline of 81% from the prior year.
Alibaba repurchased about 26.9 million ADSs, equal to 214.9 million ordinary shares for US$5.15 billion.
The company now projects its full-year revenue to increase between 20% and 23% year over year, down from the previously forecasted 29.5%.
BABA: NYSE is down -5.71% on premarket.
