Kingsoft Cloud Holdings Limited (KC) Tops Q1 EPS by 13c

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Kingsoft Cloud Announces Unaudited First Quarter 2021 Financial Results

May 18, 2021 7:24 AM EDT

BEIJING, May 18, 2021 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (Kingsoft Cloud or the Company) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Financial Highlights

Total revenues were RMB1,813.5 million (US$1276.8 million) in the first quarter of 2021, compared with RMB1,391.0 million in the first quarter of 2020. Having been increasing for five consecutive quarters, revenues from public cloud services were RMB1,391.8 million (US$212.4 million), compared with... More