Cloopen Group Holding Limited (RAAS) Misses Q3 EPS by 5c

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Go back to Cloopen Group Holding Limited (RAAS) Misses Q3 EPS by 5c

Cloopen Group Holding Limited Announces Unaudited Third Quarter 2021 Financial Results

November 18, 2021 5:15 AM EST

BEIJING, Nov. 18, 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 third quarter ended September 30, 2021.

Third Quarter ended September 30, 2021 Highlights

Revenues were RMB276.1 million (US$42.9 million) in the third quarter of 2021, representing a 44.3% increase year-over-year. Revenues from cloud-based contact center ("CC") solutions increased by 125.4% year-over-year. Gross margin was 43.5% in the third quarter of 2021, compared to 38.1% in the third quarter of 2020.... More