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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 39.16+2.2%Sep 28 4:00 PM EDT

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From: Elroy8/16/2019 3:04:51 AM
   of 2181
 
Some bits from Ali Babba's conference call.....

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Our cloud computing business continues to execute and exhibit strong growth. Revenue grew 66% year-over-year to RMB 7.8 billion, primarily driven by an increase in average revenue per customer. We are focusing on delivering high value-added services while rationalizing our offerings of commodity products and services. We will continue to execute our strategy of expanding our market leadership, increasing investment in talent and technology infrastructure and the developing new value-added products.

On top of robust growth in public cloud, we are capturing strong secular demand for private cloud, primarily driven by digital transformation of big enterprise clients in various industries. During the quarter, our private cloud revenue grew over 250% year-over-year. Digital media and entertainment segment continues to be impacted by tighter content regulation and industry rationalization.

The increase of our total revenue was mainly driven by the robust growth of our China commerce retail business and Ele.me, strong revenue growth of Alibaba Cloud as well as an increase in volume of orders fulfilled by Cainiao.

Cloud computing revenue increased 66% to CNY 7.8 billion, primarily driven by increase in average revenue per customer. We're improving our revenue mix by focusing on delivering high value-added services while rationalizing our offerings of commoditized products and services.

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Sounds like their cloud business is growing gangbusters. If SIMO's open channel can actually get a foothold into that growth infrastructure space it has tremendous potential.
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