Last year’s revenue: 13.9292 trillion won
“Impact of Expanded Cloud Business”,
[Seoul Economy]
Samsung SDS announced on the 23rd that last year’s operating profit was provisionally calculated at 911.1 billion won, marking a 12.7% increase compared to the same period the previous year.
The revenue was 13.8282 trillion won, up by 4.2% from the year before.
In the fourth quarter of last year, revenue was 3.6423 trillion won, an increase of 7.9% compared to the same quarter the previous year, while operating profit decreased by 1.4% to 211.5 billion won.
The company explained that the continued growth of the cloud business contributed to the revenue increase. The cloud business grew by 23.5% over the previous year, achieving annual revenue of 2.3235 trillion won. A Samsung SDS representative stated, “The cloud business saw growth in both the Samsung Cloud Platform (SCP) based CSP and MSP businesses,” adding that “the launch of public cloud services at the Daegu Center, as well as the construction of next-generation systems in the financial and public sectors, contributed to the revenue increase.”
The annual revenue for the IT services business was 6.4014 trillion won, a 4.8% increase over the previous year. Revenue in the logistics sector was 7.4268 trillion won, up by 3.6% year-on-year. The digital logistics platform Cello Square reported a revenue of 306 billion won in the fourth quarter of last year, a 27% increase compared to the same period the previous year. According to Samsung SDS, Cello Square platform currently has 19,400 registered customer companies.
A Samsung SDS representative also mentioned, “We aim to lead the IT market by providing generative AI services optimized for corporate operations.” Samsung SDS announced a dividend of 2,900 won per share as decided by its board of directors, consistent with its dividend policy of maintaining a payout ratio of approximately 30% over the past three years.