iFLYTEK Co Ltd
SZSE:002230
Gross Margin
iFLYTEK Co Ltd
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CN |
i
|
iFLYTEK Co Ltd
SZSE:002230
|
103.5B CNY |
42%
|
|
| US |
|
Ezenia! Inc
OTC:EZEN
|
567B USD |
62%
|
|
| DE |
|
SAP SE
XETRA:SAP
|
266.9B EUR |
73%
|
|
| US |
|
Salesforce Inc
NYSE:CRM
|
244.4B USD |
77%
|
|
| US |
|
Palantir Technologies Inc
NYSE:PLTR
|
211B USD |
80%
|
|
| US |
|
Intuit Inc
NASDAQ:INTU
|
166B USD |
79%
|
|
| US |
|
Adobe Inc
NASDAQ:ADBE
|
155.6B USD |
89%
|
|
| US |
N
|
NCR Corp
LSE:0K45
|
105.7B USD |
20%
|
|
| US |
|
Applovin Corp
NASDAQ:APP
|
80.3B USD |
75%
|
|
| US |
|
Microstrategy Inc
NASDAQ:MSTR
|
76.9B USD |
72%
|
|
| US |
|
Cadence Design Systems Inc
NASDAQ:CDNS
|
71.6B USD |
86%
|
iFLYTEK Co Ltd
Glance View
In the bustling landscape of China's technology sector, iFLYTEK Co Ltd. has emerged as a pioneering force in the realm of artificial intelligence and voice recognition technology. Established in 1999, the company carved a niche by focusing on the natural language processing market, with its voice recognition software achieving significant prominence. The company was initially rooted in the academic corridors of the University of Science and Technology of China, which laid the groundwork for its innovative edge. Today, it stands as a crucial player in the AI field, providing a diverse set of solutions ranging from intelligent speech interaction technology to AI education platforms. iFLYTEK’s core operations revolve around leveraging its robust AI capabilities to transform how humans and machines communicate, making everyday interactions more intuitive and efficient. iFLYTEK generates revenue by developing and licensing its AI-powered technologies, which are utilized widely across various sectors, including education, healthcare, and automotive industries. The company’s speech recognition engines are embedded in numerous smart devices, consumer applications, and enterprise-level solutions, allowing it to tap into different streams for revenue generation. Its products like AI-powered educational tools help teachers and students by providing personalized learning experiences, marking a substantial share of its revenue. Furthermore, iFLYTEK has established itself as a leader in healthcare AI, offering diagnostic tools that aid medical professionals, thereby expanding its influence and profitability. Through continuous innovation and strategic partnerships, iFLYTEK maneuvers to deepen its market penetration while expanding the applications of its cutting-edge technologies.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on iFLYTEK Co Ltd's most recent financial statements, the company has Gross Margin of 41.9%.
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