Alibaba 2027 Q1 revenue rises 9 percent

Alibaba Group announced a 9 percent increase in its revenues for the first quarter of fiscal year 2027, reaching approximately $39.63 billion. Revenue from the AI-powered cloud division rose by 45 percent, with 12.376 billion yuan generated from AI-related products—a twelve consecutive quarter of triple-digit growth. The AI cloud services and computing sector also saw a 133 percent year-over-year increase in profit before interest, taxes, depreciation, and amortization (EBITDA). The CEO emphasized that the company is well-positioned to capitalize on the growing demand for artificial intelligence.

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