Cloud Services Business revenue guidance
Company: Applied Digital
The claim, verbatim
Cloud Services Business expected to account for approximately 10% or more of company revenue in fiscal year 2024, with expectation to increase in future
Source (primary)
Applied Digital S-1 filed 2024-05-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Cloud Services Business is expected to account for approximately 10% or more of our revenue in fiscal year 2024. As we ramp up operations in this business segment, we expect this percentage to continue to increase in the future.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states both the roughly 10%-or-more fiscal 2024 expectation and the expectation that this share will keep increasing.
Confirmed in the source:
- The Cloud Services Business is expected to account for approximately 10% or more of revenue in fiscal year 2024
- The company expects this percentage to continue to increase in the future
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000143/yorkvilles-1.htm) in full (115,497 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital S-1 filed 2024-05-31
Quote: “The Cloud Services Business is expected to account for approximately 10% or more of our revenue in fiscal year 2024. As we ramp up operations in this business segment, we expect this percentage to continue to increase in the future.”