4Paradigm Announces Strong Q1 2024 Business Performance

Fourth Paradigm Announces Business Performance For The First Quarter Ended March 31 2024

4Paradigm reported a total revenue of RMB828 million for Q1 2024, representing a 28.5% year-on-year growth. The company's Sage AI Platform business saw an 84.8% year-on-year growth, while its SHIFT Intelligent Solutions business accounted for 30.1% of total revenue. The company's gross profit margin stood at 41.2% with 124 total users and 54 lighthouse users as of March 31, 2024.

4Paradigm

4Paradigm is a leading AI technology company that specializes in AI-driven decision making, empowering large-scale adoption of AI, driving value creation, and supporting enterprise transformation.

Beijing Fourth Paradigm Technology Co., Ltd., an investment holding company, provides platform-centric artificial intelligence (AI) solutions in the People's Republic of China. The company sells self-developed AI platform and other ready-to-use applications; and provides application development and other services. It offers generative AI solution, such as 4Paradigm SageGPT, an enterprise GPT-like generative AI product; and decision Al solutions, including AI operating systems, AI app development platforms, AI business applications, and AI computering products. The company is also involved in the research and development of technology; investment activities; provision of intelligent platform and solutions in the energy, power, and manufacturing industries; and provision of digital operation and maintenance platform and solutions, as well as consulting services. It serves banking, insurance, securities, retail, energy, healthcare, and manufacturing industries. The company was formerly known as Shenzhen Qianhai Fourth Paradigm Data Technology Co., Ltd. and changed its name to Beijing Fourth Paradigm Technology Co., Ltd. in April 2021. Beijing Fourth Paradigm Technology Co., Ltd. was incorporated in 2014 and is headquartered in Beijing, China.

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4Paradigm

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22/11 08:08

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