Kingdee International Software Logs 23% Boost in Q1-Q3 Cloud Subscription Revenue

MT Newswires Live

2024-10-18

Kingdee International Software Group (HKG:0268) recorded a cloud subscription annual recurring revenue of around 3.28 billion yuan as of Sept. 30, up 23% from the year-ago period, a Friday bourse filing said.

Kingdee Cloud Cosmic & Constellation, Kingdee Cloud Galaxy, Kingdee Cloud Stellar, and Kingdee Jingdou Cloud achieved net dollar retention ratios of 97%, 95%, 93% and 88%, respectively.

The software firm brought on various new clients during the period, including CSPC Pharmaceutical (HKG:1093) and Kingfa Science & Technology (SHA:600143)

Shares of the firm closed nearly 6% higher on Friday.

Price (HKD): $9.15, Change: $+0.51, Percent Change: +5.90%

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