Financial Wire

Kingdee International Software Logs 19% Higher Annual Recurring Subscription Revenue in Q1

-- Kingdee International Software Group (HKG:0268) recorded an annual recurring revenue from subscription services of around 4.22 billion yuan as of March 31, up 19% from a year prior, according to a Monday Hong Kong bourse filing.

In the first quarter, the contract value of AI-native products, that is the Kingdee AI Suite, reached 230 million yuan.

The net dollar retention of AI+SaaS products, namely Kingdee AI Constellation, Kingdee AI Galaxy, and Kingdee AI Stellar was 103%, 96% and 94%, respectively.

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Kingdee International Software Logs 19% Higher Annual Recurring Subscription Revenue in Q1 | Financial Wire