[Click e-Stock] "Genian to Benefit from Expanding Zero-Trust Security Demand"

On August 4, LS Securities predicted that Genian would benefit from the increasing demand for zero-trust security in both the public and private sectors.

Jung Woosung, a researcher at LS Securities, stated, "Genian recorded sales of 11.4 billion KRW and operating profit of 1.1 billion KRW in the second quarter of this year," adding, "These figures represent decreases of 3.9% and 43.3%, respectively, compared to the same period last year."

He further explained, "The weak performance in the second quarter appears to be due to the trend of rising labor costs and the concentration of sales in the second half of the year," and added, "Quarterly direct sales product revenue is inevitably affected by the trend of planned security software (SW) purchases each quarter."

He analyzed, "In 2025, for the first time since 2019, the planned purchase amount for the third quarter exceeded that of the second quarter," and explained, "This is because the public sector postponed its purchasing schedule due to risks associated with changes in security policy following the launch of the new administration."

Researcher Jung emphasized, "We are maintaining our annual performance estimate and have raised our third-quarter performance forecast," and added, "We expect Genian to benefit from the expanding demand for zero-trust security in both the public and private sectors."

He also explained, "Genian's product lineup is designed to respond to next year's zero-trust implementation policy in the public sector and the trend of strengthening security in the private sector," and added, "Sustained performance growth is possible over the mid- to long-term."

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