That beat expectations of $31.20 billion, according to Refinitiv’s consensus forecast.
Alibaba’s revenue grew 14 percent in the quarter, which ended June 30, compared with the same period last year.
Net income to common shareholders was $4.76 billion, compared with expectations of $3.98 billion. An increase of 51 percent compared to the previous year.
Alibaba has been operating in a Chinese economy that has faltered since the country eased its strict pandemic controls in December.
Earlier this summer, it was also announced that Alibaba is refurbishing the management team. Daniel Zhang will leave his position as CEO and Chairman of the Board in September.
The new CEO will be Eddie Wu, who is currently chairman of Alibaba’s e-commerce flagships, Taobao and Tmall. At the same time, Joseph Tsai takes over the role of chairman of the board. Tsai is currently vice chairman of the company and is described as a close ally of Alibaba co-founder and major shareholder Jack Ma.