Duzon Bizon Reports Operating Profit of 20.1 Billion KRW... "Entering Performance Turnaround"

Douzone Bizon announced on the 5th through its Q3 earnings disclosure that it achieved consolidated sales of 97 billion KRW and an operating profit of 20.1 billion KRW. Compared to the same period last year, sales increased by 14.5% and operating profit rose by 29.4%. Entering a full-fledged earnings turnaround phase, both sales and operating profit continued their growth trend for six consecutive quarters, with an operating profit margin of 20.7%.

This quarter's performance was largely driven by significant growth in sales of Douzone Bizon's cloud solutions, including ERP (accounting, tax, HR, etc.), groupware (email, messenger, electronic approval, etc.), and EDM (electronic document creation, storage, management, etc.), which were proactively prepared for cloud transition.

The results have influenced ONE AI to sign contracts with over 1,000 companies within just four months of its launch, accelerating the shift from digital transformation to AI transformation and brightening future prospects. Additionally, customers who previously used products on a single module basis are now considering adopting the entire integrated module with all functions combined, suggesting further performance growth.

Amaranth 10, Douzone Bizon's core solution this quarter, made a significant contribution to earnings as new customer inflow and cloud adoption continued to increase. OmniEsol, launched in July this year, is also expected to drive sales growth across the company’s core solutions as it begins to aggressively target large corporations and group companies based on a new partnership policy.

Moreover, as the completeness of core solutions improved, additional developer hiring and outsourcing costs decreased, leading to a structure where sales growth is reflected at a high rate in operating profit, indicating that the operating profit margin is expected to continue increasing.

A company representative stated, “Many companies recognize the necessity of cloud transition and AI utilization, but there are various technical and operational challenges in successfully building and applying these according to actual corporate environments. Douzone Bizon has overcome these difficulties and achieved remarkable improvements in work efficiency and convenience through cloud work environment transition and AI utilization based on it.”

He added, “We will further advance cloud and AI-related technologies and expand their application to various industries including legal, medical, and public sectors as well as general enterprises to broaden our performance base. Based on the successful model confirmed in the domestic market, we will strengthen strategic partnerships with global big tech companies such as AWS (Amazon Web Services) and MS (Microsoft) and actively enter the global market to achieve greater results.”

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