Kingdee Reports Revenue Growth, Narrowed Losses

Kingdee International Software Group Co (HK:0268) has released an update.

Kingdee International Software Group Co. reports a revenue boost of 11.9% year-over-year for the first half of 2024, reaching RMB 2.87 billion, with cloud services contributing 83.2% to total revenue and a 24.2% increase in Annual Recurring Revenue for cloud subscriptions. Despite the revenue growth, the company experienced a narrowed loss of RMB 217.85 million, a 23.2% improvement from the previous year. With a focus on large enterprise markets and digital transformation, Kingdee continues to pursue its mission to empower businesses and enhance their resilience through digital technology.

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