Kingsoft Cloud Holdings (KC) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kingsoft Cloud Holdings has reported significant growth in its third-quarter financial results for 2024, with total revenues rising by 16% year-over-year to RMB1,885.6 million. The company’s strategic focus on high-quality business segments like AI has notably improved profitability, leading to a 54.6% increase in gross profit and a substantial rise in Non-GAAP EBITDA margin to 9.8%. This performance underscores Kingsoft Cloud’s successful revenue structure adjustment and AI-driven transformation.
For further insights into KC stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Boeing (NYSE:BA) Layoffs Expand, Start Hitting Multiple Factories
- Microsoft’s (NASDAQ:MSFT) New Computer is Exclusively a Cloud Machine
- Walmart (NYSE:WMT) Warns About Tariff-Driven Price Hikes
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
