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KINGDEE INT'L Targets AI Suite Revenue RMB1B+ This Yr; Guided Buyback RMB500M+
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KINGDEE INT'L (00268.HK) CFO Lin Bo mentioned at the earnings press conference this year's group guidance, including double-digit revenue growth; AI suite revenue topping RMB1 billion; subscription revenue maintaining a growth rate of around 20%; and overseas revenue sustaining rapid growth. This year's adjusted profit margin target was raised from 3.3% to approximately 7%, he said. Moreover, the group forecast this year's buyback amount to exceed RMB500 million. Regarding the impact of AI on SaaS stocks, he acknowledged the potential impact but refrained from excessive commentary, underscoring that the company is dynamically evolving and will embrace AI technology to lead clients in effectively utilizing AI. AASTOCKS Financial News Website: www.aastocks.com |
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