Cloopen Group (RAAS) Reports Q1 Loss Per Share of $1.95

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Go back to Cloopen Group (RAAS) Reports Q1 Loss Per Share of $1.95

Cloopen Group Holding Limited Announces Unaudited First Quarter 2021 Financial Results

June 10, 2021 7:00 AM EDT

BEIJING, June 10, 2021 /PRNewswire/ -- Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company"), a leading multi-capability cloud-based communications solution provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.

First Quarter ended March 31, 2021 Highlights

Revenues were RMB204.5 million (US$31.2 million), representing a 54.4% increase year-over-year. Revenues from cloud-based contact center ("CC") solutions increased by 63.4% year-over year. Gross margin was 43.0% in the first quarter of 2021. Net loss was RMB171.0 million (US$26.1 million) in the... More