Duzon Bizon, 'ERP Boom' Achieves Record High Performance Every Year

21 Consecutive Quarters of Sales and Operating Profit Growth
Continuous Securing of Growth Engines Through New Businesses

[Asia Economy Reporter Lim Jeong-su] Douzone Bizon continues its record-breaking performance every year, driven by improvements in all business areas including Enterprise Resource Planning (ERP).

Douzone Bizon announced on the 19th that it achieved consolidated sales of 77.4 billion KRW and operating profit of 24.3 billion KRW in the fourth quarter of last year. Sales increased by 17.7% compared to the same period in 2018, marking the highest quarterly sales ever. Operating profit rose by 21.2%, with an operating profit margin reaching 31.4%. Sales and operating profit have increased year-on-year for 21 consecutive quarters.

Annual results also showed record highs. Douzone Bizon posted sales of 262.7 billion KRW and operating profit of 66.8 billion KRW last year. This represents a 15.7% increase in sales and a 23.7% increase in operating profit compared to 2018. Both sales and operating profit are the highest ever recorded.

Douzone Bizon explained, "All business areas showed strong performance centered on core businesses such as ERP, cloud, and groupware," adding, "Sales of the extended ERP business increased by 39.6% compared to the same period last year due to strengthened ERP competitiveness in mid-sized and large enterprises." It also stated, "Groupware and cloud businesses showed growth rates of 24.1% and 20.2%, respectively."

Douzone Bizon expects the trend of improving performance to continue. The business platform 'WEHAGO,' regarded as a new growth engine, is rapidly establishing itself in the market, and 'WEHAGO T,' dedicated to tax accounting offices, is experiencing rapid growth after being upgraded to the innovative 2.0 version. New businesses such as big data-based fintech are also progressing smoothly.

Douzone Bizon anticipates that related businesses will gain further momentum due to the revision of the 'Data 3 Act.' Among these, new businesses such as innovative financial services and e-commerce platform services are expected to contribute to performance starting from the third quarter of this year, when market penetration will be intensified.

A Douzone Bizon official said, "Based on the stable growth of existing businesses, new businesses will act as new core growth engines," and added, "We plan to steadily increase the operating profit margin by improving the cost structure through innovation utilizing the Douzone Eulji Tower (formerly Samsung Fire & Marine Insurance building), which was acquired last year."

This content was produced with the assistance of AI translation services.