Written by 11:38 AM Tech

Samsung SDS 2Q operating profit at 2.209 billion won, up 7.1% year-on-year


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, “Samsung SDS’s operating profit for the second quarter of this year increased by about 7% compared to the same period last year. It is assessed that the strong performance in the IT services sector centered around cloud services offset the weakness in the logistics sector.”,
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, “Samsung SDS announced on the 25th that based on consolidated financial statements for the second quarter of this year, its revenue was 3.369 trillion won, up 2.4% year-on-year, and operating profit was 220.9 billion won, an increase of 7.1% year-on-year.”,
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, “By segment, the revenue of the IT services sector was 1.5864 trillion won, with cloud business revenue accounting for 556 billion won. The proportion of cloud revenue increased by 25% compared to the same period last year.”,
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, “The CSP (Cloud Service Provider) business based on the Samsung Cloud Platform (SCP) has steadily increased its revenue through expansion into high-performance computing (HPC) and subscription-based GPU services for generative AI. The MSP (Managed Service Provider) business is growing with a focus on cloud transformation in the financial sector, generative AI, and data platform businesses. In addition, revenue from SaaS (Software as a Service) solutions also increased.”,
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, “Revenue from the logistics business segment increased by 0.1% year-on-year to 1.7826 trillion won. The intelligent supply chain management platform, Chellosquare, surpassed 14,800 registered customers and recorded revenue of 284.9 billion won.”,
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, “Samsung SDS plans to actively expand its enterprise generative AI service business in the second half of the year through services such as FabriX, a service platform that accelerates hyperautomation in enterprises, and Brity Copilot, which applies generative AI to business collaboration solutions such as email, meetings, and messengers.”, ‘article_split’,
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