Kingsoft Cloud Holdings Limited (KC) Tops Q4 EPS by 3c

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Go back to Kingsoft Cloud Holdings Limited (KC) Tops Q4 EPS by 3c

Kingsoft Cloud Announces Unaudited Fourth Quarter and Fiscal Year 2021 Financial Results

March 24, 2022 6:54 AM EDT

BEIJING, March 24, 2022 (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 fourth quarter and fiscal year ended December 31, 2021.

Mr. Yulin Wang, Chief Executive Officer of Kingsoft Cloud, commented, Our total revenues reached RMB2.66 billion in the fourth quarter, representing a strong growth of 38% year-over-year. Revenues from public cloud services were RMB1.53 billion, which were negatively impacted by a sector-wide demand slowdown from the China internet space. To adapt to this market... More