Shulou(Shulou.com)11/24 Report--

CTOnews.com May 17 news, Recently a number of cloud service providers have announced price cuts, Tencent Holdings executives in the first quarter of 2023 earnings call said, Friends cloud service price adjustment has some impact on it, But little impact.

Tencent executives said that the price adjustment of Youshang Cloud Service will have some impact on Tencent, but the proportion of cloud business in Tencent's total revenue is only single digits, not 10%, and it is also a kind of infrastructure. Recent industry-intensive price reductions have made these products more suitable for long-term prepaid contracts and for SME entities than for large enterprises. For the industry, the price reduction is reasonable, because the input cost is falling, but such price adjustment is only within a few points, not big, Tencent mainly wants to improve the competitiveness of cloud services, price is only part of the consideration factor.

Yesterday, Tencent Cloud (Cloud) announced price cuts for a number of core cloud products, with some product lines falling by up to 40%. The price reduction policy will officially take effect on June 1.

CTOnews.com reported earlier today that Tencent Holdings today released its first quarter 2023 earnings report. Tencent's first-quarter revenue was 150 billion yuan, up 11% year-on-year, according to the financial report, with market estimates of 146.29 billion yuan; adjusted net profit for the first quarter was 32.5 billion yuan, up 27% year-on-year, estimated at 33.22 billion yuan.

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