Year-over-year revenue growth was mainly driven by Alibaba-consolidated businesses. Revenue excluding Alibaba-consolidated businesses decreased year-over-year, primarily due to the decrease in revenue from low-margin project-based contracts as a result of continued effort to improve revenue quality... revenue from our public cloud products and services experienced healthy year-over-year growth... Our cloud intelligence group revenue quality continues to improve as we proactively reduce revenue from low-margin project-based contracts," revealed CFO Toby Xu.
Alibaba's results missed analyst estimates - an outcome
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