Genians Achieves Record High Performance... Sales Reach 38.5 Billion KRW, Up 20.5% Year-on-Year

[Asia Economy Reporter Hyungsoo Park] Integrated security platform company Ginience achieved record-high performance last year.

Ginience announced on the 21st that it recorded sales of 38.5 billion KRW and operating profit of 6.9 billion KRW on a consolidated basis last year. This represents increases of 20.5% and 17.2% respectively compared to the previous year. Net profit for the period increased by 15.8% to 7.2 billion KRW.

The cash cow business, NAC, exceeded global market growth forecasts and expanded its domestic market share. It ranked first with a 77% share in the public procurement market. Win-back demand from large corporations such as banks and manufacturers, as well as new demand from public local governments, drove sales growth. The cloud NAC business segment targeting SMBs surpassed 130 cumulative customers, continuously expanding business coverage.

The EDR business secured representative references from the first financial sector and various industries, leading the market. In the public procurement market, it recorded an overwhelming first place with an 84% share. In September last year, it achieved remarkable technological growth by acquiring the first security function verification certificate in Korea and installing an anti-ransomware module. As of 2022, it surpassed 139 cumulative customers, securing the largest number of customers domestically.

Lee Dongbeom, CEO of Ginience, said, "Ginience is recognized as a company capable of sustainable growth even in a high-interest and economic downturn environment," adding, "With EDR entering a full growth trajectory and laying the foundation for a quantum jump, we will spare no effort to secure strategic advantages in the next-generation security paradigms of ZTNA and cloud."

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