TmaxSoft Operating Profit 11.7 Billion KRW... 90.7% Increase YoY

[Asia Economy Reporter Bu Aeri] TmaxSoft announced on the 16th that it recorded sales of 26 billion KRW and an operating profit of 11.7 billion KRW in the third quarter.

This represents growth of 27% and 90.7%, respectively, compared to the previous year.

Cumulative sales up to the third quarter this year were 70.5 billion KRW, and operating profit was 23.8 billion KRW. TmaxSoft stated that it expects this year's annual performance to achieve the greatest results since its founding.

Business achievements in the public and financial sectors drove the strong performance. Sales growth in the public sector was achieved by building accounting systems, integrated information systems, transportation information systems, and public services for various institutions.

In addition to middleware product lines including the web application server (WAS) 'Zeus,' the company said the sales proportion of cloud-based solutions also increased significantly.

Lee Hyung-bae, CEO of TmaxSoft, said, "Recently, we have consecutively secured big deals such as the cloud migration projects of large financial companies and public institution public services, led by the cloud-based integrated middleware platform 'HyperFrame.' We will do our best to secure large projects and generate profits during the remaining period."

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