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| WPS Signed its First Large Purchase Order in 2012 and Continues to Seek for Breakthroughs |
HONG KONG, Feb 7, 2012 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; SEHK stock code: 03888), a leading entertainment software, internet security and application software developer, distributor and service provider in China, has announced that a WPS purchase order of around RMB10 million has been signed by Kingsoft and China Post Group, providing the Company with a good start of 2012.
In late 2010, after the State Council issued the Notice of Legitimate Software Use in Government Organizations, the Government embarked on large scale procurement in 2011. This favourable policy has created an enormous market for domestic software companies, and Kingsoft has become a leader in the domestic market for legitimate software. To date, more than 70 departments, offices and ministries in the Central Government including the Ministry of Foreign Affairs, the General Administration of Press and Publication, the Ministry of Industry and Information Technology and the Science & Technology Ministry have purchased the Kingsoft WPS. According to statistics, Kingsoft WPS software accounted for 57% of the total government procurement market share in terms of ministries and commissions, and local government at all levels, achieving its best performance since the Company's establishment. Apart from government procurement, Kingsoft has also secured numerous orders with large state-owned enterprises and financial institutions, notably China Huadian Corporation, China Metallurgical Group Corporation and CITIC Bank.
Obtaining initial purchase orders are just the beginning of its success for Kingsoft WPS. A stable progress of the corporation will only become viable when the customers come to rely on operating the products they purchase and applying them across different operations in the office, and when the customers pay the license renewal fee after the initial license period expires. Recently, the Provincial Governments of Guangdong and Zhejiang have completed most of the purchase and licence renewals of WPS. A big portion of the legitimate software use of the products have been obtained through payments of licence renewal fees. It indicated the strong competitiveness of Kingsoft's products due to their high quality and low prices.
Xiao Bin, Vice President of Kingsoft Office Software and General Manager of Kingsoft Office Software Department , stated, "The sales volume of Kingsoft WPS Office in China as at the end of December 2011 has reached the level far beyond the historical record of the same period. Taking account of overseas sales in areas such as Japan, the global sales volume of WPS recorded in 2011 is expected to climb further to a new height. In 2012, the Company is expanding the market for Kingsoft WPS to Western Europe in countries such as Germany. The mature software market there is the main reason for such strategic decision. In the second half of 2011, Kingsoft has launched Kingsoft Secured Cloud Storage, Kingsoft Kuaipun and Kingsoft Office Mobile Edition, indicating its accomplishment of a significant step towards the strategic transformation to Cloud Computing and Mobile Internet. The Company is confident to welcome the approaching Cloud Computing and Mobile Internet era."
Contact:
Kingsoft Corporation Limited
Ms. Michelle Feng Harnett
Tel: +86 10 82325515
Email: ir@kingsoft.com
Topic: Sales Results
Source: Kingsoft Corporation Limited
Sectors: IT Individual, eSports, Gaming
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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