Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2020 Financial Results
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Kingsoft Cloud Holdings Limited (KC) Tops Q4 EPS by 9c, Revenues Miss
March 17, 2021 6:35 AM EDTKingsoft Cloud Holdings Limited (NASDAQ: KC) reported Q4 EPS of $0.00, $0.09 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $294.7 million versus the consensus estimate of $297.23 million.
Fourth quarter 2020 Financial Highlights
Total revenues were RMB1,922.7 million (US$1294.7 million) in the fourth quarter of 2020, representing an increase of 63.8% year-over-year.Gross profit was RMB92.6 million (US$14.2 million) in the fourth quarter of 2020, representing an increase of 70.5% year-over-year.Non-GAAP gross profit2 was RMB94.9 million (US$14.5 million) in the fourth quarter of 2020, representing an increase of 67.4% year-over-... More