Kingdee International Announces FY2023 Results - Continuous high-quality growth for cloud services business
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- During the Reporting Period, the Group recorded total revenue of RMB5,679 million, representing an increase of approximately 16.7% (year-on-year).
- The Group continued to advance on the transformation of cloud subscription services, with the Cloud Servies revenue increasing by 21.3% yoy.
- Cloud Services accounted for 79.3% of the Group revenue.
- The Annual Recurring Revenue (ARR) of Kingdee Cloud subscription services increased 33.1% yoy to approximately RMB2.86 billion.