Kingsoft Cloud publishes successful Q1 results
The total revenue of Kingsoft Cloud in the first quarter was CNY 1.81B (+30.37% YoY). The largest share of this was in the public cloud segment, which achieved CNY 1.39B in revenue. Enterprise cloud revenue reached CNY 420M (+131.3% YoY). The adjusted gross profit was CNY 122M, with the gross profit rate improving from 4.9% to 6.7%. The revenue growth rate is expected to increase significantly in Q2, with the revenue forecast ranging from CNY 2.13B to CNY 2.23B (+39% YoY).
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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