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home / news releases / kingsoft cloud is at an inflection point rating upgr

KC - Kingsoft Cloud Is At An Inflection Point (Rating Upgrade)

Kingsoft Cloud Holdings Limited

2024-06-05 01:23:34 ET

Summary

  • KC's YoY top-line contraction narrowed substantially in Q1 2024 as a result of strong AI-related revenue growth.
  • Kingsoft Cloud recorded its first quarter of EBITDA profitability in its history for Q1 2024, thanks to revenue mix optimization and expense management.
  • The Company is at an infection point given expectations of positive revenue expansion and positive EBITDA for full-year 2024, which supports my upgrade to a Buy rating.

Elevator Pitch

My rating for Kingsoft Cloud Holdings Limited ( KC ) [3896:HK] is a Buy. I analyzed Kingsoft Cloud's Q4 2023 financial performance with my prior update written on March 22, 2024....

For further details see:

Kingsoft Cloud Is At An Inflection Point (Rating Upgrade)
Stock Information
Company Name: Kingsoft Cloud Holdings Limited
Stock Symbol: KC
Market: NASDAQ
Website: ksyun.com
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