Kingdee Int'l (00268) announced the continuous deepening of the cloud subscription model transformation strategy, targeting different types of enterprises...
Zhongtong Finance APP news, Kingdee Int'l (00268) announced the continuous deepening of the cloud subscription model transformation strategy, creating a "one arrow, multiple stars" product matrix for different types of enterprise markets. As of September 30, 2024, Kingdee's cloud subscription service's annual recurring revenue (ARR) is approximately RMB 3.28 billion, a year-on-year growth of about 23%; Kingdee Cloud · Cangqiong & Xinghan, Kingdee Cloud · Xingkong, Kingdee Cloud · Xingchen, Kingdee Jingdouyun achieved net dollar retention rates (NDR) of approximately 97%, 95%, 93%, 88% respectively. During the period, the group signed contracts with well-known enterprises such as Denso China, China Merchants Shekou, Liugang Group, CSPC Pharma, Kingfa Sci. & Tech., and Anjieli Weir.
