Samsung SDS Q1 Operating Profit 217.1 Billion KRW... Up 26.8% YoY

[Asia Economy Reporter Buaeri] Samsung SDS announced on the 22nd that it recorded sales of 3.0613 trillion KRW and an operating profit of 217.1 billion KRW in the first quarter. Compared to the previous year, sales increased by 25.7% and operating profit by 26.8%.

By business sector, IT services sales amounted to 1.3684 trillion KRW, up 6.4% from the previous year. The company explained that this was the result of expanding cloud-based solution businesses such as financial cloud transition, smart factory construction, next-generation enterprise resource planning (ERP) projects, and collaboration and work automation.

Sales in the logistics business based on the IT platform recorded 1.6929 trillion KRW, a 47.2% increase compared to the same period last year, due to increased IT product cargo volume and rising maritime logistics freight rates.

Samsung SDS plans to expand its business in the IT sector focusing on cloud transition, digital maturity diagnosis and consulting, next-generation ERP-based external projects, cloud-based solutions (SaaS), and security for production facilities and manufacturing processes (OT).

In particular, to strengthen its cloud business, Samsung SDS plans to build a high-performance computing (HPC) data center specialized in artificial intelligence (AI), research and development (R&D), and data analysis in the Dongtan area of Hwaseong City, Gyeonggi Province by next year.

In the logistics sector, the company will expand its business focusing on high-tech and parts industries. It plans to enhance IT platforms such as Cello for integrated logistics and Cello Square for global e-commerce to strengthen global logistics competitiveness.

A Samsung SDS official stated, "We will continuously promote ESG (environmental, social, and governance) activities to fulfill corporate social responsibility and sustainable management."

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