Goldman Sachs released a research report yesterday, upgrading the rating of Kingsoft Cloud (KC.US) and indicating that they will maintain their previous profit forecasts while waiting for further clarification on revenue growth and EBITDA profit margin prospects to tackle the challenges of weak demand recovery and potential intensified competition.
Previously, Kingsoft Cloud's quarterly report revealed a revenue of 1.86 billion yuan, with an adjusted gross margin of 10.4%, reaching a historic high and a year-on-year increase of 6.6 percentage points. The company has shown steady sequential improvement for four consecutive quarters. The adjusted gross profit also increased by 133% year-on-year, setting a new record for a single quarter.
As a result of this positive news, Kingsoft Cloud's US stock closed at $5.33, marking a 19.51% increase.
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已编辑 09 Jun 2023, 10:12
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