|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.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Oct. 10, 2015 06:00 AM EDT Reads: 806
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
Oct. 10, 2015 04:00 AM EDT Reads: 599
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, focusing on how to help solve the problems that developers are continuously battling.
Oct. 10, 2015 04:00 AM EDT Reads: 517
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete end-to-end walkthrough of the analysis from start to finish. Participants will also be given the pract...
Oct. 10, 2015 03:00 AM EDT Reads: 331
WebRTC: together these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at WebRTC Summit, Cary Bran, VP of Innovation and New Ventures at Plantronics and PLT Labs, will provide an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it may enable, complement or entirely transform.
Oct. 10, 2015 02:15 AM EDT Reads: 772
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
Oct. 10, 2015 02:00 AM EDT Reads: 657
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing these ideas and some early experiments performed in the Kurento open source software community in areas ...
Oct. 10, 2015 01:00 AM EDT Reads: 783
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.
Oct. 10, 2015 12:00 AM EDT Reads: 183
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driving this change including privacy controls, data transparency and integration of real time context w...
Oct. 9, 2015 10:15 PM EDT Reads: 151
The IoT market is on track to hit $7.1 trillion in 2020. The reality is that only a handful of companies are ready for this massive demand. There are a lot of barriers, paint points, traps, and hidden roadblocks. How can we deal with these issues and challenges? The paradigm has changed. Old-style ad-hoc trial-and-error ways will certainly lead you to the dead end. What is mandatory is an overarching and adaptive approach to effectively handle the rapid changes and exponential growth.
Oct. 9, 2015 10:00 PM EDT Reads: 250
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity. Should we federate, or not? How should identity be secured? Who owns the identity? How is identity ...
Oct. 9, 2015 10:00 PM EDT Reads: 454
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new data-driven world, marketplaces reign supreme while interoperability, APIs and applications deliver un...
Oct. 9, 2015 08:00 PM EDT Reads: 321
Electric power utilities face relentless pressure on their financial performance, and reducing distribution grid losses is one of the last untapped opportunities to meet their business goals. Combining IoT-enabled sensors and cloud-based data analytics, utilities now are able to find, quantify and reduce losses faster – and with a smaller IT footprint. Solutions exist using Internet-enabled sensors deployed temporarily at strategic locations within the distribution grid to measure actual line loads.
Oct. 9, 2015 06:30 PM EDT Reads: 148
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, will explore the current state of IoT connectivity and review key trends and technology requirements that will drive the Internet of Things from hype to reality.
Oct. 9, 2015 05:30 PM EDT Reads: 126
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data shows "less than 10 percent of IoT developers are making enough to support a reasonably sized team....
Oct. 9, 2015 04:00 PM EDT Reads: 254
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 9, 2015 03:45 PM EDT Reads: 512
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, along with new ways to engage with users.
Oct. 9, 2015 02:00 PM EDT Reads: 194
The IoT is upon us, but today’s databases, built on 30-year-old math, require multiple platforms to create a single solution. Data demands of the IoT require Big Data systems that can handle ingest, transactions and analytics concurrently adapting to varied situations as they occur, with speed at scale. In his session at @ThingsExpo, Chad Jones, chief strategy officer at Deep Information Sciences, will look differently at IoT data so enterprises can fully leverage their IoT potential. He’ll share tips on how to speed up business initiatives, harness Big Data and remain one step ahead by apply...
Oct. 9, 2015 01:45 PM EDT Reads: 567
There will be 20 billion IoT devices connected to the Internet soon. What if we could control these devices with our voice, mind, or gestures? What if we could teach these devices how to talk to each other? What if these devices could learn how to interact with us (and each other) to make our lives better? What if Jarvis was real? How can I gain these super powers? In his session at 17th Cloud Expo, Chris Matthieu, co-founder and CTO of Octoblu, will show you!
Oct. 9, 2015 01:15 PM EDT
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
Oct. 9, 2015 01:00 PM EDT Reads: 807