LG CNS Surpasses 3 Trillion Won in Cumulative Sales for Q3... Record-Breaking Performance

[Asia Economy Reporter Seungjin Lee] LG CNS has surpassed cumulative sales of 3 trillion KRW through the third quarter of this year, achieving its highest-ever performance. Since 2019, it has continuously broken records for sales and operating profit based on the third quarter, maintaining its growth momentum.

On the 15th, LG CNS announced that its consolidated sales for the third quarter reached 1.1677 trillion KRW, with an operating profit of 95.3 billion KRW. These figures represent increases of 14% and 6%, respectively, compared to the same period last year.

Cumulative sales through the third quarter rose 22% year-on-year to 3.2024 trillion KRW, while cumulative operating profit increased 24% to 247.6 billion KRW.

LG CNS's third-quarter performance was driven by its cloud and smart factory businesses. Recently, LG CNS has been accelerating the enhancement of its Application Modernization (AM) capabilities, centered on its technology-specialized organizations, the 'Cloud Native Launch Center' and the 'Cloud Application Build Center.' AM refers to the process of reconfiguring applications developed by traditional methods to be optimized for cloud environments.

To expand its AM business, LG CNS is strengthening partnerships with global CSP (Cloud Service Provider) companies. Earlier this year, it signed a strategic cooperation agreement with Amazon Web Services (AWS) for AM construction and operation projects. In September, LG CNS became the first domestic company to sign a digital transformation (DX) agreement with Google Cloud. LG CNS's external cloud business growth rate in the third quarter increased by approximately 50% compared to the same period last year.

LG CNS is also enhancing its competitiveness in the 'Virtual Factory' sector, the highest stage of smart factories. In September, LG CNS signed a platinum partnership with Unity, a global top 3D platform company. LG CNS virtualizes customer manufacturing plant spaces and equipment based on Unity's 3D engine and links factory data. Additionally, using artificial intelligence (AI), it plans to optimize by ▲ analyzing virtual factory data ▲ predicting equipment failures ▲ automating process sequences.

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