Brief: Kingsoft Cloud Announces First Quarter 2022 Financial Results

Kingsoft Cloud Holdings

08/06/2022 13:33

June 8 (Reuters) - Kingsoft Cloud Holdings Ltd  KC.O :
    * KINGSOFT CLOUD ANNOUNCES UNAUDITED FIRST QUARTER 2022
FINANCIAL
RESULTS
    * SEES Q2 REVENUE RMB 2.0 BILLION TO RMB 2.2 BILLION
    * Q1 REVENUE ROSE 19.9 PERCENT TO RMB 2.174 BILLION
    * QTRLY BASIC AND DILUTED NET LOSS PER SHARE WAS RMB0.15
(US$0.02)
    * EXPECTS OUR ADJUSTED GROSS MARGIN WILL BE HIGHER IN Q2
THAN IN
Q1 AND ADJUSTED EBITDA MARGIN WILL BREAKEVEN IN Q4 OF 2022

Source text for Eikon:  ID:nGNXbNkW4Q 
Further company coverage:  KC.O 

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