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 (NASDAQ: KC; HKEX: 3896) regularly publishes detailed financial and corporate updates that are furnished to investors through press releases and SEC Form 6-K filings. The company describes itself as a leading cloud service provider in China, with a platform spanning public cloud and enterprise cloud services, extensive cloud infrastructure and cloud-native products.
News about Kingsoft Cloud often centers on its quarterly financial results. The company releases unaudited results for the first, second and third quarters, providing information on revenues from public cloud services and enterprise cloud services, gross profit, operating performance and the contribution from AI-related business. These announcements also discuss non-GAAP measures such as non-GAAP gross profit, non-GAAP operating (loss) profit, non-GAAP net (loss) profit and non-GAAP EBITDA, along with explanations of how these metrics are defined.
Another recurring theme in Kingsoft Cloud news is its AI-focused growth. The company reports gross billing for its AI business and attributes increases in public cloud revenue to AI-related customers and upgrades to AI infrastructure and products. Management commentary in earnings releases emphasizes AI as a key driver of demand and as an area of continued investment in computing resources and servers.
Investors following KC news will also see announcements related to capital markets activity, such as the pricing of underwritten public offerings of American depositary shares and ordinary shares, upsized offerings of new shares in Hong Kong and concurrent private placements to existing shareholders. These releases describe planned uses of proceeds, including supporting AI business, expanding infrastructure, enhancing cloud service capabilities and funding working capital.
Additional news items include notices of upcoming earnings release dates and conference calls, changes in senior management positions and corporate governance developments. For anyone tracking Kingsoft Cloud stock, this news stream provides insight into the company’s operating trends, AI strategy, financing activities and board-level decisions.
Kingsoft Cloud (NASDAQ: KC), a top independent cloud service provider in China, announced its achievement of the TRUSTe Enterprise Privacy & Data Governance Certification. This certification emphasizes Kingsoft Cloud's dedication to robust data privacy practices, boosting trust among customers and partners. The certification process involved a three-phase assessment of privacy practices, leading to enhanced compliance and customer support through TrustArc's services. CEO Yulin Wang highlighted the importance of data protection, confirming their commitment to secure cloud computing services.
Kingsoft Cloud (NASDAQ: KC) reported its Q3 2021 financial results, with total revenues of RMB2,413.8 million (US$374.61 million), a 39.6% increase year-over-year. Public cloud services revenue reached RMB1,686.0 million, a 28.7% rise, while enterprise cloud services revenue increased by 77.7% to RMB726.9 million. However, gross profit fell by 21.7% to RMB88.4 million. The company expects Q4 revenues of RMB2.63 billion to RMB2.83 billion, reflecting a 37% to 47% year-over-year growth. Despite macro challenges, Kingsoft Cloud engages with premium customers, enhancing its market position.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced the release date for its third quarter financial results, which will be available before U.S. market opening on November 24, 2021. The company's management will host an earnings conference call at 7:00 am EST the same day, requiring preregistration due to COVID-19 restrictions. A telephone replay will be accessible until December 2, 2021. The company is recognized as a leading independent cloud service provider in China, offering a robust cloud platform with extensive services.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced an Extraordinary General Meeting (EGM) scheduled for December 17, 2021, at 10:00 a.m. Beijing Time. The EGM aims to discuss and vote on resolutions detailed in the notice provided in the Current Report on Form 6-K submitted to the SEC. Proxy forms and meeting details are also accessible on the Company’s website. The announcement includes standard forward-looking statements highlighting potential risks that may affect the Company's business and operations.
Kingsoft Cloud reported strong financial results for Q2 2021, with total revenues of RMB 2,173.7 million (US$ 336.7 million), up 41.6% year-over-year. Public cloud revenues reached RMB 1,550.8 million (US$ 240.2 million), growing for six consecutive quarters. Enterprise cloud revenues surged 152.8% to RMB 622.1 million (US$ 96.4 million). Gross profit rose 46.8% to RMB 118.5 million (US$ 18.4 million), while net loss improved by 47.5% to RMB 220.6 million (US$ 34.2 million). For Q3 2021, the company anticipates revenues between RMB 2.58 billion and RMB 2.7 billion, reflecting a 49%-56% year-over-year growth.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced it will release its unaudited financial results for Q2 2021 on August 25, 2021, before U.S. markets open. An earnings conference call is scheduled for the same day at 8:00 am ET. Due to COVID-19, participants must preregister for the call online to receive dial-in details. A replay will be available until September 2, 2021. Kingsoft Cloud is a leading independent cloud service provider in China, offering comprehensive cloud platforms and industry-specific solutions.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced a strategic acquisition of Camelot Employee Scheme Inc., aiming to enhance its Enterprise Cloud Services (ECS) business. The deal will integrate Camelot’s resources across major Chinese cities, expected to improve project efficiency and reduce costs. Camelot's management, boasting significant industry experience, will join Kingsoft, bringing valuable client relationships. Camelot's 2020 revenue recurring ratio stood at 94%, with a backlog of approximately RMB3.8 billion. The transaction is anticipated to close by the end of 2021, pending regulatory approvals.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported its Q1 2021 financial results, achieving total revenues of RMB1,813.5 million (US$1276.8 million), a 30.3% increase from RMB1,391.0 million in Q1 2020. Revenues from public cloud services grew to RMB1,391.8 million (US$212.4 million), marking a fifth consecutive quarter of growth. Enterprise cloud services surged by 131.3% year-over-year to RMB420.0 million (US$64.1 million). Despite a gross profit increase of 64.5% to RMB116.5 million, the company reported a net loss of RMB382.2 million (US$58.3 million). For Q2 2021, Kingsoft Cloud expects revenues between RMB2.13 billion and RMB2.23 billion.
Kingsoft Cloud (NASDAQ: KC) announced it will release its unaudited financial results for Q1 2021 on May 18, 2021, before U.S. markets open. An earnings conference call is scheduled for the same day at 8:00 AM ET. Due to COVID-19, participants must preregister online to obtain dial-in details. The call can also be accessed via a live and archived webcast on the company's investor relations website. Kingsoft Cloud is a leading independent cloud service provider in China, known for its extensive cloud infrastructure and industry-specific solutions.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 22, 2021. Shareholders and ADS holders can request a hard copy of the report containing audited consolidated financial statements at no cost. Kingsoft Cloud, a leading independent cloud service provider in China, boasts a comprehensive cloud platform that includes extensive infrastructure and industry-specific solutions.