LG CNS Reports Record High 1Q Revenue of 885 Billion KRW and Operating Profit of 64.9 Billion KRW

[Asia Economy Reporter Kang Nahum] LG CNS announced on the 16th that it recorded consolidated sales of 885 billion KRW and operating profit of 64.9 billion KRW in the first quarter.

Compared to the same period last year, sales increased by 17% and operating profit by 19%, both setting record highs for the first quarter.

LG CNS explained that focusing on DX businesses centered on IT new technologies such as cloud, smart factory, and smart logistics, and continuously innovating customer experience led to these results.

LG CNS stated that it ranked first in the domestic logistics automation market last year with a market share of about 30%.

LG CNS emphasized that it is leading customer DX experience innovation in the financial sector as well, having won the Shinhan Financial Investment MyData system construction project in the first quarter and progressing with the advancement of Shinhan Bank's mobile banking app 'SOL'.

Regarding achieving the best performance for the first quarter, LG CNS said, "It is because we have constantly been thinking about solving customers' pain points," adding, "A corporate culture that values DX capabilities has also been established."