Profit Growth.

According to the Ministry of Industry and Information Technology, the software and information technology service sector in China experienced significant profit growth in the first four months of 2024. Total profits increased by 14.3 percent to 431.4 billion yuan ($59.6 billion), while combined revenue rose by 11.6 percent to 3.8 trillion yuan ($524.6 billion). The information technology service sub-sector contributed 65.9 percent of the industry's total revenue, with a 13.2 percent increase to around 2.5 trillion yuan ($345.1 billion). Cloud computing and big data services saw a surge in revenue, reaching 410.7 billion yuan ($56.7 billion), while software products and information security also experienced growth. [Extracted from the article]