Cloud Services Revenue Guidance FY2024
Company: Applied Digital
The claim, verbatim
Cloud Services Business expected to account for approximately 13% or more of revenue in fiscal year 2024
Source (primary)
Applied Digital 424B5 filed 2024-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Cloud Services Business is expected to account for approximately 13% or more of our revenue in fiscal year 2024.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the company's expectation that Cloud Services will make up approximately 13% or more of fiscal 2024 revenue. This is a forward-looking expectation, not a reported result.
Confirmed in the source:
- The Cloud Services Business is expected to account for approximately 13% or more of revenue in fiscal year 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1144879/000114487924000132/preferredcapitalprospectus.htm) in full (178,920 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Applied Digital 424B5 filed 2024-05-17
Quote: “The Cloud Services Business is expected to account for approximately 13% or more of our revenue in fiscal year 2024.”