Kingdee International Software Group Co (HK:0268) has released an update.
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Kingdee International Software Group Co. reported a strong performance in its cloud subscription business, with annual recurring revenue reaching approximately RMB 3.28 billion, marking a 23% year-on-year growth. The company also maintained high net dollar retention ratios across its cloud products and secured several high-profile new customers in the third quarter of 2024. Investors are advised to exercise caution when dealing in the company’s securities despite the positive developments.
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