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Open source software provider $RHT, which recently announced partnerships with $BABA and SoftBank, saw a surge in its 3Q18 profit, driven by higher subscriptions and higher revenue. Profit surged 49% to $101.3MM or $0.54 per share, up from $68MM or $0.37 a year earlier. Revenue rose 22% to $748MM. On an adjusted basis, $RHT earned $0.73 per share.
$XLNX announced that Alibaba Cloud, the cloud computing arm of $BABA, has chosen $XLNX for next generation FPGA acceleration in their public cloud. Based on Xilinx FPGAs, the new F2 instances give Alibaba Cloud customers access to acceleration for data analytics, genomics, video processing, and machine learning workloads.
$RHT to join forces with $BABA's cloud computing arm, Alibaba Cloud, to bring Red Hat’s open source solutions to Alibaba Cloud’s customers. $BABA will offer Red Hat's products to its customers and host $RHT's customers on its public cloud platform. Customers would now be able to migrate their on-premise $RHT subscriptions to $BABA's public cloud.
$EQIX has entered into a collaboration with Alibaba Cloud, the cloud computing arm of $BABA, to provide enterprises with direct, scalable access to Alibaba Cloud. With the addition of direct access to Alibaba Cloud in the new markets across Asia Pacific, EMEA and the Americas, Equinix now offers private access to Alibaba Cloud in five markets.
$BABA said that on partnering for the autonomous driving technology, the long term commercial opportunities are murky; the long term economic model for this hasn't been figured out. The company added that it may not be investing in those technologies to create a driver-less car but is investing in component technologies for other applications.
$BABA's Digital Media and Entertainment segment revenue increased 234% YoY, mainly due to the increase in revenue from mobile value added service. The company expects to continue to invest in content, user acquisition and infrastructure for the segment. On a full year basis, $BABA expects the business to grow rapidly.
Annual active buyers on $BABA's China retail marketplaces went up by 31MM in 4Q17 to reach 454MM vs. the 12-month period ended in Mar. 2016. Mobile MAUs on China retail marketplaces reached 507MM in Mar. 2017, up by 97MM from a year ago. Net cash provided by operating activities was $1.6Bil for the fourth quarter.
E-commerce mammoth $BABA posted a 47% year-over-year jump in revenue from core commerce to $4.6Bil in 4Q17. Revenue from cloud computing soared 103% to $314MM, while that from digital media and entertainment surged 234% to $571MM. Revenue from innovation initiatives and others spiked 88% to $133MM for the quarter.
Chinese e-commerce giant $BABA's revenue soared 60% to $5.6Bil in 4Q17, as the $AMZN rival posted an 85% jump in net income of $1.4Bil from a year ago. Net earnings were up 95% to $0.60 per diluted share, with Alibaba seeing its operating margin rise to 25% from last year's 21%. Non-GAAP diluted EPS spiked 45% to $0.63 for the quarter.