Welcome to our dedicated page for Kingsoft Cloud Holdings news (Ticker: KC), a resource for investors and traders seeking the latest updates and insights on Kingsoft Cloud Holdings stock.
Kingsoft Cloud Holdings Limited reports developments for a China-based cloud service provider listed on Nasdaq as KC and on the Hong Kong Stock Exchange as 3896. Company news centers on unaudited quarterly and annual financial results, earnings-call schedules, and demand trends across public cloud and enterprise cloud services.
Recurring updates describe AI-related customer demand, intelligent computing infrastructure, cloud-native products, industry-specific solutions, and cooperation within the Xiaomi-Kingsoft ecosystem. The company also issues annual report, ESG, shareholder-voting, and capital-structure announcements, including disclosures tied to ordinary shares, ADS holders, and Hong Kong listing requirements.
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Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported its financial results for Q4 and FY 2022, highlighting an increase in gross margin to 7.6% in Q4, up from 1.0% in the same quarter last year. Total revenues for Q4 were RMB2.13 billion (US$308.91 million), an 8.2% quarter-over-quarter increase but down 19.9% year-over-year due to scaling back CDN services. The company achieved a net cash inflow of RMB370.4 million for the quarter, marking its third consecutive positive operating cash flow. For FY 2022, total revenue reached RMB8.18 billion, a 9.7% decline from 2021. Management forecasts Q1 2023 revenues between RMB1.85 billion and RMB2.05 billion.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) will release its unaudited financial results for Q4 and fiscal year 2022 on March 29, 2023, before U.S. market openings. The management will host a conference call at 8:00 am EST the same day, where participants can join via preregistration. Kingsoft Cloud is recognized as a leading independent cloud service provider in China, with a robust platform offering extensive infrastructure and industry-specific solutions.