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Fourth Paradigm announces first annual results after listing. According to Yicai, the company's 2023 revenue was 4.20 billion yuan, up 36.4% year on year; gross profit was 1.98 billion yuan; adjusted net loss narrowed 17.6% year on year to 88.88 million yuan. Prophet AI platform revenue was 2.51 billion yuan, up 68% year on year, accounting for 59.6% of total revenue. The company served 445 enterprise users, including 139 benchmark users. CEO Dai Wenyuan said Fourth Paradigm positions itself as an enterprise software company transformed by AI, with the goal of becoming the Salesforce of the AI era. There are currently no subsequent development facts.
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Oct 22
Yicai
Fourth Paradigm Highlights Profitability Prospects in Earnings Report, Positions Itself as the Salesforce of the AI Era
Fourth Paradigm released its first annual results since going public: 2023 revenue was 4.20 billion yuan, up 36.4% year on year; gross profit was 1.98 billion yuan; and adjusted net loss narrowed 17.6% year on year to 88.88 million yuan. Revenue from the Prophet AI platform was 2.51 billion yuan, up 68% year on year, accounting for 59.6% of total revenue. The company served 445 enterprise customers, including 139 benchmark customers. CEO Dai Wenyuan said Fourth Paradigm positions itself as an enterprise software company transforming businesses with AI, with the goal of becoming the Salesforce of the AI era.