Xuan Wu Cloud Announces 2023 Annual Results [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: Yahoo! Finance
Revenue increased by 22.8% year-on-year to RMB 1,281.3million (all figures in RMB unless stated otherwise) Average Revenue Per User (ARPU) for core customers reached RMB 3.7million , marking a substantial 25.9% increase from the previous year Net Revenue Retention (NDR) rate for core customers improved to 112.7% Operating expense ratio for 2023 decreased to 21.5%, down by 4.4 percentage points compared to the previous year SaaS customer base expanded with a 28.9% growth to 2,120 customers Attained the prestigious CMMI Level 5 certification, the highest global standard in software development Launched "Xuantao" the first-of-its-kind multi-modal large model tailored for the domestic consumer goods industry Steady growth of "AI + Consumer Goods" initiatives drove Sales Cloud to achieve revenue increase of 15.0% year-on-year, along with a 30.0% growth in contract order amount Marketing Cloud grew by 26.8% year-on-year with core product ICC (Integrated Communication Center
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