OneConnect Financial Technology Q3 2023 Earnings Report

OneConnect Financial Technology EPS Results

• Actual EPS: -$0.35
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

OneConnect Financial Technology Revenue Results

• Actual Revenue: $116.58 million
• Expected Revenue: $129.07 million
• Beat/Miss: Missed by -$12.49 million
• YoY Revenue Growth: N/A

OneConnect Financial Technology Announcement Details

• Quarter: Q3 2023
• Date: 11/13/2023
• Time: N/A

OneConnect Financial Technology (NYSE:OCFT) Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It operates in Technology Solutions and Virtual Bank Business segments. The company offers Gamma Platform, which offers a toolbox of separate solution modules that provide technology infrastructure and underlying technologies; marketing management platform, developed from AI Banker App, provides banks relationship managers with technology that supports in managing their acquisition and relationships with retail customers; and wealth management platform that provides banks with tools to enhance the efficiency of their wealth management business. It also provides intelligent product development platform for banks, which allows to shorten product development cycle, enhance speed to market, and facilitate product portfolio management; Regtech, an end-to-end regulatory solution for financial regulatory authorities; asset-liability management solution provides analytics to enhance financial institutions asset liquidity performance; and digital insurance solutions for digitalizing the insurance process, marketing, customer management, and claim processing under intelligent property and casualty insurance and life insurance solution. In addition, the company provides Gamma Voice Solution, an AI customer service for support customer service functions; and Gamma FinCloud, which allows entities with expensive-to-replace legacy systems to directly migrate to the cloud to securely maintain their data. Further, it offers information transmission, information technology advisory, E-commerce security certificate administration, technology promotion and computer application, software and technology, insurance survey and loss adjustment, and asset management and consulting services. The company was founded in 2015 and is headquartered in Shenzhen, the People's Republic of China.