Kingsoft Cloud Announces Unaudited Third Quarter 2022 Financial Results
Kingsoft Cloud Holdings Limited - American Depositary Shares (KC)
Company Research
Source: GlobeNewswire
BEIJING, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the third quarter ended September 30, 2022. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, “As we navigated through a challenging operating environment, we remained persistent in enhancing our technologies and products, stayed focused on our core businesses, and continued to strengthen our fundamental capabilities to achieve sustainable, high-quality growth in the long run. Our third quarter total revenues increased to RMB1.97 billion, in line with our guidance, and our gross margin improved from 3.4% last quarter to 6.2%, demonstrating our strong commitment to achieving profitability.” Mr. Henry He, Chief Financial Officer of Kingsoft Cloud, added, “Although we are still implementing our strategic initiatives, including business rep
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News
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) had its price target raised by analysts at Jefferies Financial Group Inc. from $3.40 to $3.80. They now have a "buy" rating on the stock.MarketBeat
- Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $5.00 price target on the stock.MarketBeat
- Kingsoft Cloud Holdings Limited (NASDAQ: KC) was upgraded by analysts at CLSA from an "underperform" rating to an "outperform" rating. They now have a $4.40 price target on the stock.MarketBeat
- Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
KC
Earnings
- 3/20/24 - Beat
KC
Sec Filings
- 4/8/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/21/24 - Form 144
- KC's page on the SEC website