Forecast Of The Day: Alibaba’s Cloud Computing Revenues

June 2nd, 2021 by Trefis Team
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BABA: Alibaba Group logo
BABA
Alibaba Group

What?

Trefis expects Alibaba’s (NYSE:BABA) Cloud Computing Revenues to grow from $5.65 billion in 2020 to about $9.3 billion in 2021 and $12 billion in 2022.

Why?

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We expect the sales growth to be driven by the rising demand for cloud computing and Alibaba’s investment in its data centers.

So What?

Cloud businesses have typically been very lucrative for big-tech players such as Amazon and Google. Stronger growth of the cloud operations could help Alibaba’s profitability and stock price.

See Our Complete Analysis For Alibaba

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