|By ACN Newswire||
|November 30, 2012 06:19 AM EST||
Achieved Strong Growth on All Fronts
Embracing Mobile Internet Era
Hong Kong, Nov 30, 2012 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK stock code: 03888), a leading Chinese software and Internet service company, announced its unaudited third quarter results for the three months ended 30 September 2012.
During the period under review, Kingsoft recorded an increase in both revenue and profit compared with the corresponding period last year. Revenue increased by 51% year-over-year to RMB365.4 million and gross profit increased by 56% year-over-year to RMB320.9 million. Profit attributable to owners of the parent rose by 44% year-over-year to RMB108.1 million. Revenue from the online games business and the application software business represented 58% and 42% respectively of total revenue in the third quarter. As at 30 September 2012, cash and cash equivalent amounted to RMB2.32 billion.
Dr. HongJiang Zhang, Chief Executive Officer, commented, "The business of Kingsoft in the third quarter of 2012 has continued to achieve steady growth. The total revenue for the quarter reached a new record with an increase of 13% quarter-over-quarter and 51% year-over-year. The slight decrease in our bottom-line number over the quarter was primarily due to our planned intensive marketing and promotional activities to launch new games and products during the quarter. However, compared with the same period last year, growth has demonstrated strong momentum, reaching 44%."
Online Games Business
The Company's online game portfolio remained strong in this seasonally weaker quarter. Revenue from online games for the third quarter of 2012 increased 28% year-over-year to RMB211.0 million. The year-over-year increase was primarily attributable to the ongoing popularity and strong performance of JX Online III, which achieved triple-digit year-over-year growth. The monthly average paying accounts ("APA") for the Group's online games for the third quarter of 2012 increased 4% quarter-over-quarter and 29% year-over-year to 1.52 million. The sequential quarterly increase mainly reflected the success of the expansion pack "Wakened Dragon of Erhai" for JX Online III and the contribution from new game titles. APA of JX Online III has jumped to a new record of more than 0.75 million in September, with an increase of 13% quarter-over-quarter and 128% year-over-year.
Kingsoft will launch this year's largest expansion pack "Nirvana of the Light" for JX Online III in late November. The open beta testing of the Company's Q version of 3D role-playing game, "Ma La Jiang Hu," in October has indicated the high popularity of the game. Its 2.5D MMO "Legend of Moon" and new 3D MMO, "Legend of the Holy World" were commercially launched in September and October, respectively. The Company is confident that the commercial launch of its new games and large expansion packs for JXs would further enrich its game portfolios and contribute to the top line growth in the coming quarters.
Internet Security Service and WPS Office Software
Revenue from the application software business for the third quarter of 2012 increased 96% year-over-year and 35% quarter-over-quarter to RMB 151.8 million. The sequential rise was mainly due to the combination of surging online advertising revenue from Kingsoft Internet Security and the record sales from Kingsoft WPS Office.
In the third quarter of 2012, advertising revenue from Kingsoft Internet Security maintained fast growth momentum and achieved a three-digit increase both on a quarter-over-quarter and a year-over-year basis, driven by rapidly increasing traffic from the Company's landing page navigation. Meanwhile, driven by new service updates and improved user experience, the monthly active user bases of Kingsoft Internet Security and Kingsoft PC Doctor expanded further to over 120 million and 50 million respectively, while the number of users of another driver genius software has exceeded 30 million. The internet browser Cheetah launched in June this year has also gained positive feedback from users for its high speed, attractive style and safety features. According to the latest report from CNZZ, the monthly utilisation rate of the Cheetah internet browser has increased by 133% after launch within just 60 days and the number of its daily active users has also exceeded 3 million. In addition, in August, the Company officially launched Kingsoft Mobile Security, with the differentiation featuring mobile phone APP behavior analysis and management and the capability to intelligently prevent and intercept hidden malicious ads, and other malicious behaviors in APPs. Such APP management and privacy protection features have received highly positive feedback from mobile users.
Benefiting from the government policy and product innovation, revenue from Kingsoft WPS Office continued to sustain strong growth momentum in Q3. The monthly active users of WPS Personal Edition rose to more than 40 million supported by the improved user experiences and improved copyright awareness, only took six months since it reached its 30 million records. The Company is pleased to see the active users of WPS Mobile Office exceed 7 million globally. As the leading mobile office software with users in more than 226 countries and regions, WPS Mobile Office supports 23 types of main document formats and 46 languages. Through continuous overseas expansion, the number of its global users has exceeded 23 million, which takes the Google Play top spot in the business APPs category.
Dr Zhang, Chief Executive Officer of Kingsoft, concluded, "In July, we completed the restructuring of Kingsoft WPS Office subsidiary with MBO, which concludes the restructuring of our three major subsidiaries. We believe this restructuring has and will continue to drive the management teams to focus on the long-term development of the Group, and boost the profitability of all business streams so that they may attain new heights, and ultimately reward investors for their trust and support."
About Kingsoft Corporation Limited
Kingsoft is a leading developer, distributor and service provider of entertainment software, Internet security service and application software in China. Headquartered in Beijing, Kingsoft has set up R&D centers in Zhuhai, Beijing, Dalian and Chengdu. Since the commercial launch of its first office applications software, WPS 1.0, in 1989 followed by over 20 years of innovative endeavors, Kingsoft has become well recognised as a leading brand in China. Kingsoft has also rejuvenated itself by successfully transiting from "the King of package software" to an Internet technologies and service provider.
Kingsoft's main business encompasses Internet security, office software, entertainment software, cloud computing and on-line translation. The Company utilises the Internet as an effective channel to market and distribute its products, and has built an extensive sales and distribution network. Kingsoft provides a range of products and services across all devices and platforms, such as WPS Office, Kingsoft PowerWord, Kingsoft Internet Security and online games to retail customers, corporate clients and Government bodies in China.
Enhancing the quality of digital lifestyle has been the mission of Kingsoft. Kingsoft will continue developing new products, expanding our products and services to Internet especially mobile Internet and expanding its market share in China, while vigorously penetrating into overseas markets.
For more information, please visit www.kingsoft.com
Source: Kingsoft Corporation Limited
Kingsoft Corporation Limited Ms. Michelle Feng Harnett Tel: (86) 10 82325515 Email: [email protected]
Copyright 2012 ACN Newswire. All rights reserved.
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Nov. 26, 2015 10:00 AM EST Reads: 276
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Summit, Charles Kendrick, CTO and Chief Architect at Isomorphic Software, demonstrated examples of com...
Nov. 26, 2015 09:45 AM EST Reads: 356
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningful and actionable insights. In his session at @ThingsExpo, Paul Turner, Chief Marketing Officer at...
Nov. 26, 2015 09:30 AM EST Reads: 366
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Nov. 26, 2015 09:00 AM EST Reads: 471
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Nov. 26, 2015 08:45 AM EST Reads: 260
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
Nov. 26, 2015 06:45 AM EST Reads: 392
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessions, I wanted to share some of my observations on emerging trends. As cyber security serves as a fou...
Nov. 26, 2015 06:15 AM EST Reads: 299
Continuous processes around the development and deployment of applications are both impacted by -- and a benefit to -- the Internet of Things trend. To help better understand the relationship between DevOps and a plethora of new end-devices and data please welcome Gary Gruver, consultant, author and a former IT executive who has led many large-scale IT transformation projects, and John Jeremiah, Technology Evangelist at Hewlett Packard Enterprise (HPE), on Twitter at @j_jeremiah. The discussion is moderated by me, Dana Gardner, Principal Analyst at Interarbor Solutions.
Nov. 26, 2015 03:45 AM EST Reads: 691
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Nov. 26, 2015 03:00 AM EST Reads: 305
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now all corporate assets – people, objects, and spaces – can share information about themselves and thei...
Nov. 26, 2015 02:00 AM EST Reads: 190
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound effect on the world, and what should we expect to see over the next couple of years.
Nov. 26, 2015 01:30 AM EST Reads: 434
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, Sandy Carter, IBM General Manager Cloud Ecosystem and Developers, and a Social Business Evangelist, wil...
Nov. 26, 2015 12:00 AM EST Reads: 526
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNub’s Data Stream Network.
Nov. 26, 2015 12:00 AM EST Reads: 285
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true change and transformation possible.
Nov. 26, 2015 12:00 AM EST Reads: 486
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" in this scenario: microservice A (releases daily) depends on a couple of additions to backend B (re...
Nov. 25, 2015 10:00 PM EST Reads: 395
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Nov. 25, 2015 09:00 PM EST Reads: 369
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk was on IBM Cloudant, Apache CouchDB, and ...
Nov. 25, 2015 08:30 PM EST Reads: 368
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at Built.io, examined how Docker has evolved into a highly effective tool for application delivery by allowing increasingly popular Mobile Backend-as-a-Service (mBaaS) platforms to quickly crea...
Nov. 25, 2015 05:00 PM EST Reads: 304
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound cha...
Nov. 25, 2015 02:45 PM EST Reads: 501
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
Nov. 25, 2015 02:30 PM EST Reads: 510