Categories AlphaGraphs, Earnings, Retail
Infographic: Key highlights of Alibaba (BABA) Q4 2020 earnings results
Chinese e-commerce giant Alibaba Group (NYSE: BABA) reported a 22% increase in its revenue for the fourth quarter of 2020 backed by solid performance of its domestic retail businesses as well as robust cloud computing revenue growth. This is despite a challenging quarter due to reduced economic activities in light of the COVID-19 pandemic in China.
The pandemic has fundamentally altered consumer behavior and enterprise operations, making digital adoption and transformation a necessity. Although the pandemic negatively impacted most of the domestic core commerce businesses starting in late January, the company has seen a steady recovery since March.
Based on the current view of Chinese domestic consumption and enterprise digitization, the company expects to generate over RMB650 billion in revenue in fiscal 2021.
Past Performance
Most Popular
Earnings Preview: UnitedHealth looks poised to end FY24 on a positive note
UnitedHealth Group (NYSE: UNH), a leading provider of health insurance and healthcare services, is expected to report fourth-quarter earnings next week. The company, a market leader in the nation's colossal
Mattel (MAT): A look at the toymaker’s evolving strategy and its opportunities
Shares of Mattel, Inc. (NASDAQ: MAT) stayed green on Wednesday. The stock has dropped 4% over the past month. Over the past few years, the toymaker has been focused on
AngioDynamics (ANGO) reports net loss for Q2 2025; sales drop 8%
AngioDynamics Inc. (NASDAQ: ANGO) reported a net loss for the second quarter of 2025 as the medical device company’s revenues decreased 8%. Net loss, excluding special items, was $0.04 per