Tech

Alibaba beat with flat Q1 revenue to $30.68 billion, as cloud revenue grew 10% year-over-year to $2.6 billion and net income of 3.3 billion dollars; NYSE-listed stocks are up 5%+ (Arjun Kharpal / CNBC)




Arjun Kharpal / CNBC:

Alibaba beat with flat Q1 revenue to $30.68 billion, as cloud revenue grew 10% year-over-year to $2.6 billion and net income of 3.3 billion dollars; Stocks listed on NYSE up 5% +— Alibaba reported first-quarter financial earnings on Thursday that beat expectations, sending US shares higher in pre-market trading.





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