Kingdee International Software Group Co ( (HK:0268) ) has issued an announcement.
Kingdee International Software Group Co. Ltd. reported a 10.2% increase in revenue for the year ended December 31, 2024, driven by a 13.4% growth in its cloud services business, which now accounts for 81.6% of total revenue. The company narrowed its net loss to approximately RMB 142 million, down from RMB 209 million in 2023, attributed to improved economies of scale in its large enterprise business. Kingdee’s strategic initiatives focus on AI integration, enhancing industry-specific solutions, and expanding its global market presence, solidifying its leadership in China’s enterprise application software sector.
More about Kingdee International Software Group Co
Kingdee International Software Group Co. Ltd. is a leading provider in the enterprise management cloud SaaS solutions industry. The company focuses on delivering premium products, innovative solutions, and robust digital capabilities, with a strategic emphasis on AI integration, subscription models, and global expansion.
YTD Price Performance: 65.75%
Average Trading Volume: 564
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.1B
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