“This was far ranging -- and historical employment ratings, age and seniority did not seem to matter.”
Forecast helped by surge in spending on internet infrastructure and purchases of computer gaming gear
Server sales dropped 20 percent, and storage hardware declined 18 percent in fiscal Q2.
“Anyone who’s going to be in trouble three to six months from now is already pausing.”
While the pandemic has presented some challenges, the company’s executives said the company was well positioned for the year.
Kingsoft Cloud is reportedly the third biggest cloud services provider in China by revenue.
The company's shares climbed 14 percent before its scheduled earnings report Thursday.
