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Alibaba 1QFY2023 Quarterly Results: Strong Profit Growth and Improving Margins

Alibaba just reported its quarterly results . Restructuring Reaping Fruits One important point is that despite revenue only rising by 14%, the company’s net profit has grown by 46%.  In addition, Alibaba’s headcount has reduced 235,216 to 228,675 employes. This is sign that Alibaba’s restructuring is bearing fruit with improving margins. As quoted by Alibaba: “Without […]

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