Welcome to our dedicated page for RAAS news (Ticker: RAAS), a resource for investors and traders seeking the latest updates and insights on RAAS stock.
Cloopen Group Holding Limited (NYSE: RAAS) is a leading provider of cloud-based communication solutions, empowering enterprises through CPaaS, unified communications, and AI-enhanced contact centers. This page serves as the definitive source for official announcements, financial updates, and strategic developments from the company.
Investors and industry professionals will find curated press releases covering earnings reports, product innovations, and partnership agreements. Our repository ensures timely access to operational milestones and market positioning updates relevant to the cloud communications sector.
Key focus areas include technology advancements in SaaS platforms, enterprise customer growth metrics, and regulatory compliance developments. All content is verified through primary sources to maintain accuracy and relevance for financial analysis.
Bookmark this page for streamlined tracking of RAAS's progress in transforming business communications. Check regularly for updates on cloud solution deployments and industry leadership initiatives that shape digital transformation strategies.
Cloopen (NYSE: RAAS) announced the acquisition of Zhuge, a user-centric intelligent data solution provider, on December 13, 2021. This strategic move aims to enhance product and service capabilities, facilitating the intelligent transformation of enterprise marketing. Cloopen anticipates that integrating Zhuge will strengthen its position in data intelligence and improve marketing efficiency for enterprise clients. Both companies emphasize the potential for synergy, leveraging their combined strengths in communication, data, and intelligence.
Cloopen Group Holding Limited (NYSE: RAAS) has announced an agreement to acquire Zhuge Inc., an intelligent data solution provider, through a combination of cash and shares. The share issuance will be less than 1% of Cloopen's total outstanding shares. Expected to finalize in December 2021, the deal aims to enhance Cloopen's data capabilities and strengthen its position in enterprise marketing and customer service. Both companies anticipate that the merger will provide a broader range of advanced solutions to meet the growing demand for data-driven insights in China.
Cloopen Group Holding Limited (NYSE: RAAS) reported a strong third quarter for 2021, with revenues of RMB276.1 million (US$42.9 million), a 44.3% increase year-over-year. The key driver was the cloud-based contact center solutions, which grew by 125.4%. Gross margin improved to 43.5%, up from 38.1%. However, the company experienced a net loss of RMB112.2 million (US$17.4 million), worsening from RMB93.9 million a year prior. Looking ahead, Cloopen expects Q4 revenues between RMB328.0 million and RMB333.0 million, indicating a year-over-year growth of 26.8% to 28.7%.
Cloopen Group Holding Limited (NYSE: RAAS) announced it will report its unaudited financial results for Q3 2021 on November 18, 2021, before U.S. market opens. A conference call is scheduled for the same day at 8:00 A.M. EST to discuss the results. Listeners can access the call via provided numbers. The company is recognized as a leading cloud-based communications provider in China, focusing on enhancing communication experiences and operational productivity for enterprises.
Cloopen Group Holding Limited (NYSE: RAAS) has authorized a share repurchase program allowing for the buyback of up to US$40 million of its Class A ordinary shares over 12 months starting September 28, 2021. This initiative demonstrates the Board’s confidence in the company’s growth and aims to enhance shareholder value. Repurchases will be executed through open market transactions and are subject to applicable regulations. The program is expected to be funded from the company’s existing cash balance.
Cloopen Group Holding Limited (NYSE: RAAS) reported robust financial results for Q2 2021, achieving revenues of RMB274 million, a 47.9% increase year-over-year. The company's core Cloud-based Contact Center (CC) solutions drove significant growth, with revenues of RMB108 million, up 105.1% year-over-year. Gross margin improved to 43.1%, while adjusted EBITDA loss narrowed to RMB29.966 million. Positive industry trends indicate the Chinese cloud-based communications market could exceed RMB100 billion by 2024, presenting Cloopen with substantial growth opportunities.
Cloopen Group Holding Limited (NYSE: RAAS) reported strong Q2 2021 results, with revenues of RMB273.9 million (US$42.4 million), up 47.9% year-over-year. Cloud-based contact center solutions surged by 105.1%, driving overall growth. Gross margin remained robust at 43.1%. However, the company recorded a net loss of RMB105.6 million (US$16.4 million), worsening from RMB62.2 million in Q2 2020. Non-GAAP net loss improved to RMB26.4 million. Active customers reached 12,976, with a dollar-based net customer retention rate of 109.6%. The outlook for Q3 2021 anticipates revenues between RMB275.0 and RMB278.0 million.
Cloopen Group Holding Limited (NYSE: RAAS) announces its intention to report unaudited financial results for Q2 2021 prior to U.S. market opening on August 11, 2021. A conference call is scheduled for the same day at 8:00 A.M. ET to discuss these results. Cloopen, a cloud-based communications provider in China, offers services including CPaaS and cloud-based contact centers, aimed at enhancing operational productivity for enterprises. Investors can access the live call and archived webcast through the company's investor relations website.
Cloopen Group Holding Limited (NYSE: RAAS) reported its Q1 2021 results, revealing RMB204.5 million (US$31.2 million) in revenue, a 54.4% increase year-over-year. Revenue from cloud-based contact center solutions surged by 63.4%.
However, the company experienced a net loss of RMB171.0 million (US$26.1 million), up from RMB47.7 million last year. Adjusted EBITDA loss rose to RMB59.8 million (US$9.1 million). Looking ahead, Cloopen expects Q2 revenues between RMB255.0 million and RMB260.0 million, indicating 37.6% to 40.3% year-over-year growth.
