On the 19th, Samsung SDS held its 40th regular shareholders’ meeting at the Jamsil campus. During the meeting, the approval of the financial statements, the appointment of Lee Joon-hee as CEO and president, Lee Ho-joon as executive vice president and head of the Cloud Business Division as internal directors, and the approval of the directors’ remuneration limit were decided.
Last year, Samsung SDS achieved sales of 13.8282 trillion won and an operating profit of 911.1 billion won. Its key businesses, cloud and digital logistics, continued to grow. Particularly, the cloud business achieved sales of 2.3235 trillion won, a 24% increase from the previous year, and expanded as a major business, accounting for over 37% of the IT services sector.
Samsung SDS also emphasized the expansion of its generative AI business, focusing on subscription-based GPU services (GPUaaS), which are in high demand due to generative AI, the enterprise generative AI platform ‘FabricX’, and the enterprise collaboration solution ‘Brightics Copilot’. Furthermore, the company marked its entry into the global market by signing a contract for its procurement supply chain management (SRM) SaaS ‘Cadenas’ in the United States last year.
In the logistics sector, the digital logistics platform ‘Cello Square’ surpassed 1.16 trillion won in sales, more than doubling from 2023, and has secured over 19,000 client companies, continuing its growth as a global digital logistics platform.
Samsung SDS stated, “Despite difficulties such as the global economic downturn and uncertain business environment this year, we plan to further strengthen and expand our generative AI-based cloud business. We are preparing a GPU-based data center for future growth, expanding cloud transition and operation businesses focused on the public and financial sectors, and supporting hyper-automation innovation in corporate client operations through our generative AI business.”