TmaxSoft Achieves 26 Billion KRW in Q3 Revenue and 9 Billion KRW Operating Profit
[Asia Economy Reporter Seungjin Lee] TmaxSoft announced on the 15th that it recorded sales of 26 billion KRW and operating profit of 9 billion KRW in the third quarter of 2022.
The cumulative sales for the third quarter reached 72.9 billion KRW, and operating profit was 26.8 billion KRW, representing growth of 3.2% and 8.6% respectively compared to the previous year.
Despite increasing domestic and international economic uncertainties, TmaxSoft stated that it achieved balanced results across each business sector by successfully securing various big deals to build and advance innovative IT environments in the public, financial, and corporate sectors through the third quarter.
A TmaxSoft official explained, "This was thanks to focusing on the steady demand for system software (SW) maintained in line with essential IT needs for digital transformation, as well as efforts to improve operational efficiency and activate sales."
TmaxSoft plans to actively pursue business that aligns with customers' IT investment objectives. The company is committed to achieving performance growth based on software optimized for cloud environments and systematic services that support customers' digital competitiveness.
Additionally, to provide differentiated value to customers, TmaxSoft will proceed with product advancement of its integrated middleware platform tailored to diversified cloud environments and further strengthen technical support and maintenance services. It also plans to expand specialized personnel capable of proposing optimal cloud migration methodologies.
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Hyungbae Lee, CEO of TmaxSoft, said, "Despite the bleak economic outlook, the accelerated cloud transition across both public and private sectors is a definite opportunity factor for long-term performance growth. TmaxSoft will make every effort to achieve solid results by leveraging its strengths in commercial and open-source software and customer-centric integrated services that respond to the cloud era."
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