Kingsoft Cloud Announces Unaudited Second Quarter 2024 Financial Results
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: GlobeNewswire
BEIJING, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “We are pleased to record another strong quarter with advances in revenue expansion, margin improvements and operating cash net inflow. Our high-quality and sustainable development strategy continued to bear fruits. During the past quarter, embracing AI opportunities, we have recorded AI revenue of RMB326 million, approximately 26% of revenues from public cloud services, doubling from 13% last quarter. We have also been enhancing our AI capabilities, successfully deploying AI solutions to enterprises and organizations to improve our customers’ data management performances.” Mr. Henry He, Chief Financial Officer of Kingsoft Cloud,
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News
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) had its price target lowered by analysts at Bank of America Co. from $3.80 to $3.20. They now have a "neutral" rating on the stock.MarketBeat
- Kingsoft Cloud Holdings Limited (KC) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Kingsoft Cloud Announces Unaudited Second Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Individual investors own 32% of Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares but public companies control 55% of the company [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud to Report Second Quarter 2024 Financial Results on August 20, 2024GlobeNewswire
KC
Earnings
- 3/20/24 - Beat
KC
Sec Filings
- 9/24/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/5/24 - Form 6-K
- KC's page on the SEC website