GDS (HKG:9698) returned to an attributable profit of 763 million yuan in the first quarter from a loss of 345.8 million yuan in the year-ago period, according to a Tuesday filing with the Hong Kong bourse.
The cloud company returned to earnings per share of 0.43 yuan from a loss per share of 0.24 yuan in the prior-year period. Analysts at Visible Alpha estimated a loss per share of 1.07 yuan.
Net revenue grew 12% to 2.72 billion yuan from 2.43 billion yuan in the year-ago period. Visible Alpha analysts forecast revenue at about 2.80 billion yuan.
The cloud company confirmed its total revenue estimate for 2025 of between 11.3 billion and 11.6 billion yuan, and adjusted pre-tax earnings estimate of between 5.19 billion yuan and 5.39 billion yuan.
Its capital expenditure forecast remains at 4.30 billion yuan.
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