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.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced a $100 million share repurchase program, allowing the company to buy back ordinary shares over the next twelve months. The program's structure is flexible, enabling repurchases on the open market, through private negotiations, or derivatives, depending on market conditions. Purchases will be funded from the company’s existing cash balance, supporting shareholder value and potentially enhancing the stock price.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported its unaudited financial results for Q4 and FY 2021, with total revenues of RMB 2.66 billion, up 38% year-over-year, driven by robust core cloud services growth of 64%. Public cloud service revenues reached RMB 1.53 billion, albeit impacted by a demand slowdown in the internet sector. The company anticipates improvements in adjusted gross margin and EBITDA margins in Q1 2022, and has secured strategic partnerships with Kingsoft Group and Xiaomi Group to enhance shareholder confidence and mitigate dilution risks.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced plans to explore a dual listing of its ordinary shares on the Hong Kong Stock Exchange to enhance liquidity and shareholder protection. This move aims to navigate the changing market and regulatory environment while maintaining its operations as a U.S.-listed company. The company emphasized its commitment to sustainable development through innovation and technology despite recent stock price fluctuations. The announcement is pending regulatory approvals and market conditions.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) announced it will release unaudited financial results for Q4 and FY 2021 on March 24, 2022, 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 for dial-in details. A replay will be available until April 1, 2022, and a live webcast will also be accessible. The company emphasizes its position as a leading independent cloud service provider in China and invites inquiries through its investor relations.
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.