Deploy robotic solutions with RaaS to enable worry-free

Robotic automation is fast becoming the preferred approach for businesses to transform their supply chain systems into a competitive advantage. With Robotics-as-a-Service (RaaS), businesses can adopt and deploy robotic solutions in a worry-free and flexible manner.To get more news about RaaS, you can visit glprobotics.com official website.

The focus on solutions rather than just equipment is driving up the demand for RaaS models that are best suited for the customer and their supply chain ecosystem.

According to ABI Research and Supply Chain Dive, there will be more than 1.3 million RaaS deployments worldwide by 2026 with the largest installations in logistics, manufacturing, and hospitality.The thriving stay-at-home economy that emerged in 2020 unleashed the potential of the cloud-based communications market. Rising alongside the ongoing improvement of the communications infrastructure, the market is entering a golden age. The cloud-based communications market in China will continue to grow rapidly in the coming years and is expected to exceed RMB100 billion by 2024, according to a report from China Investment Corporation (CIC).
With the sector's anticipated growth, industry players are fulfilling expectations by continually delivering notable performances. Recently, Cloopen Group Holding Limited (NYSE: RAAS) ("Cloopen" or the "Company") announced its financial results for the second quarter of 2021. According to the report, the Company's revenues for the second quarter were RMB274 million, representing a 47.9% increase year-over-year or a 33.9% increase quarter-over-quarter. Its core CC (Cloud-based Contact Center) solutions business performed especially well, achieving revenues of RMB108 million, an increase of 105.1% year-over-year. In terms of profitability, the Company's gross margin increased to 43.1%. Adjusted EBITDA loss was RMB29.966 million, while adjusted EBITDA loss margin (as a percentage of revenue) decreased markedly to 10.9%, a nearly 6% decrease year-over-year and an 18% decrease quarter-over-quarter.

Cloopen, began to provide cloud-based communications solutions in 2014, went public in the US in February of this year, becoming the first Chinese SaaS company to do so. After over a decade of development, the Company's businesses now include communications platform as a service (CPaaS)，Cloud-based Contact center (CC) and Cloud-based Unified Communications and Collaboration(UC&C).

In terms of revenue composition, CPaaS revenue reached RMB115 million in the second quarter,maintaining organic growth rate of 13% year-over-year. The high-margin CC and UC businesses contributed more than 50% of total revenue for the first time, and CC solutions contributed significantly to revenue growth. In recent years, the CC solutions market has maintained rapid growth, attracting the attention of the industry's powerful players.

Against the backdrop of a thriving market, Cloopen delivered positive news regarding its CC solutions business. During the reporting period, the Company's CC business achieved revenues of RMB108 million, an increase of over 100% year-over-year.

Two factors account for the exceptional performance of the CC business. First, Cloopen's acquisition of CRM software provider EliteCRM in March of this year and its integration enabled strategic synergies. Second, the Company expanded its CC business by adding CRM and CPaaS products, producing a compound sales effect and further growing market share.

Another part of Cloopen's revenue composition consists of UC&C solutions, which include IM and CV services. Compared to CPaaS and CC solutions, the UC&C solutions business is smaller in volume, having achieved revenues of RMB49 million in the second quarter, an impressive increase of 74.9%.

In addition to strong revenues, Cloopen's performance showed laudable profitability. The financial report revealed the Company's gross margin to be 43.1%, compared to 38.5% in the second quarter of 2020. Cloopen's improved profitability was primarily driven by an increase in the proportion of the Company's higher gross margin businesses. According to previous financial reports, the gross margins of Cloopen's CC and UC&C businesses are considerably higher than that of its CPaaS business. In the second quarter of this year, the proportion of the Company's higher gross margin businesses surpassed 50% for the first time, boosting the overall gross margin while significantly optimizing the Company's revenue structure. Meanwhile, the Company's reduced the red ink considerably, with an adjusted EBITDA loss of RMB29.966 million.