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Sina Technology News Beijing time in the evening of July 30th news, NYSE:SOGO (Sogou) today issued the second quarter of 2018, the second quarter of the unaudited financial report. The report showed that the total revenue of Sogou in the second quarter was 301 million 400 thousand US dollars, up 43% from the same period, and the net profit of Sogou in the second quarter was 33 million 200 thousand US dollars, up 41% from the same period, and the net profit belonging to Sogou was 38 million 200 thousand US dollars in the second quarter, and up 58% from the same period in the second quarter.
After the release of the financial report, Sogou CEO Wang Xiaochuan, CFO Zhou Yi and other companies' management layer held a telephone meeting to read the main points of the financial report and answer the questions of the analysts.
The following is the main content of this conference call Q & a session.
Credit Suisse analyst Thomas Jean (Thomas Chong): I have two questions. The first is the synergy between search and search. When does the input method begin to be commercialized? Second, I want to know about KPI. Can management share the KPI of hardware in 2019?
Wang Xiaochuan: on the combination of the input method and the search, the form of their product is basically similar to what we said before, that is to explore the user's search intention in the process of input, and guide the user to produce more direct search behavior. The new version of the product has been tested in this quarter, and we expect to have a significant impact on revenue in the fourth quarter. As for the indicators of hardware products, we hope that Sogou intelligent hardware products will generate millions of sales next year.
Goldman Sachs bank analyst: I have two questions. The first one is about the tremor. We have noticed some of the recent third - party app store shakes to strengthen management. What's the long-term impact on the Sogou core, because it will certainly bring a more stringent content review? The second question is about the operation cost of Sogou. We noticed that some core projects of Sogou began to decline. What is the trend of these projects in the future?
Zhou Yi: let me answer these two questions. It is worth noting that the impact of the trembling event on the company's finance is one-off, and it may continue into the third quarter, and revenue growth will return to normal in the fourth quarter. Before this happened, we took some measures to strengthen the examination of Sogou keywords. After this incident, we have taken some remedial measures to prevent such incidents from happening again.
To this end, we have set up a special team to set up new regulations to ensure that these Regulations are put into practice and the management is in place, and artificial intelligence technology is used in this respect. As for the second problem, with the healthy growth of the company's revenue, we do expect the leverage effect to continue to improve in 2019. In 2018, the profit rate of the operation of Sogou will increase by 6-7 percentage points, and the operating profit rate will increase by about 3-4 percentage points next year, thanks to the improvement of operating capacity. (Xuan Chen)
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