Beijing Fourth Paradigm Technology's Revenue Surges 26% in January-September

MT Newswires Live11-19

Beijing Fourth Paradigm Technology (HKG:6682) reported a total revenue of 3.22 billion yuan for the nine months ended Sept. 30, up 26.1% from a year earlier, according to Tuesday filing with the Hong Kong Exchange.

Revenue of the company's core business, 4Paradigm Sage AI Platform, reached 2.17 billion yuan for the reporting period, up 50.2% from a year ago.

The company provided AI services to 224 total users and 98 lighthouse users during the reporting period, with the lighthouse user group contributing an average revenue of 14.87 million yuan.

The company also developed an AI product matrix through its Sage Inside Model, delivering more than 40 AI products for different enterprise needs.

The company's share closed over 2% lower on Tuesday.

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