The Latest Breaking News from Kingsoft

Key Takeaway: Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records, which the Chinese government considers state secrets

Key Takeaways:

Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported first-quarter FY22 revenue growth of 19.9% year-on-year to $342.9 million, beating the consensus of $312.2 million.  Revenues from public cloud services remained stable Y/Y at $217.8 million, and enterprise cloud services increased 88.7% Y/Y to $125 million. EPS loss was $(0.02) or RMB(0.15) versus EPS of RMB0.11…

Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported fourth-quarter FY21 revenue growth of 38.3% year-on-year to $417.4 million, beating the consensus of $408.2 million.  Revenues from public cloud services rose 12.4% Y/Y to $240.2 million, and enterprise cloud services increased 110.6% Y/Y to $177.1 million. EPS loss was $(0.02). Net loss was $(75.7) million, and non-GAAP…