Business & Finance
Cerebras posts rise in quarterly revenue in first report post-IPO
Key Points
Cerebras posts rise in quarterly revenue in first report post-IPO June 23 : Cerebras Systems posted a 94 per cent increase in first-quarter revenue on Tuesday in its first financial update since going public, benefiting from robust enterprise demand for its specialized AI chips. The company reported revenue of $193.4 million for the quarter, compared with $99.5 million reported in the same period a year ago.
Cerebras posts rise in quarterly revenue in first report post-IPO
June 23 : Cerebras Systems posted a 94 per cent increase in first-quarter revenue on Tuesday in its first financial update since going public, benefiting from robust enterprise demand for its specialized AI chips.
The company reported revenue of $193.4 million for the quarter, compared with $99.5 million reported in the same period a year ago.
Source: Reuters