Alibaba Non-GAAP EPADS of $2.14 Beats by $0.05, Revenue of $30.81B Misses by $230M
Alibaba (NYSE:BABA): Q2 Non-GAAP EPADS of $2.14 beats by $0.05. Revenue of $30.81B (+9% Y/Y) misses by $230M.
Alibaba shares slumped 5% after posting financial results.
Net cash provided by operating activities was $6,748 million, an increase of 4% compared to the same quarter of 2022. Free cash flow, a non-GAAP measurement of liquidity, was $6,198 million, an increase of 27% compared to the same quarter of 2022.
“Under our capital management plan, we are prioritizing investment in technology and innovations for our businesses to drive new growth. We are confident in our business fundamentals and are pleased to announce our first annual dividend distribution for fiscal year 2023, with an aggregate amount of approximately US$2.5 billion, as part of our continued efforts to enhance shareholders’ return in addition to the ongoing share repurchase program.”
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