GenianS, 2Q Operating Profit 1.9 Billion KRW... Up 58.9% YoY

[Asia Economy Reporter Hyungsoo Park] Integrated security platform company Genieons announced on the 4th that it achieved an operating profit of 1.9 billion KRW on a consolidated basis in the second quarter of this year. This is an increase of 58.9% compared to the same period last year. Sales recorded 9.7 billion KRW, up 48.9% from the same period last year.

Genieons explained that sales increased in the first half of this year compared to the same period last year due to the rise in private demand, which had slowed down after COVID-19.

The NAC business, which has established itself as the industry standard solution in the domestic NAC market, is growing through the expansion of existing customers and the increase of new customers. The subscription-based business model and cloud NAC business targeting SMBs are steadily expanding their customer base. The business scope has expanded to large corporations and overseas branches.

To diversify services, products were registered with security monitoring companies to provide stable services and improve customer accessibility. EDR, a next-generation growth engine sector, has built trust by accumulating performance in the financial sector such as banks and securities. In the first half of this year, it ranked first with a 73% market share in the public procurement market. Public sector EDR is spreading from central government to local governments.

By expanding the EDR business areas to cryptocurrency exchanges and construction, it is expected to continue the growth trend in the second half of this year. In the first half of this year, Genieons launched the next-generation security model 'Genian Zero Trust Network Access (ZTNA)' to establish customer IT and security environments under a zero trust system.

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