Samsung SDS Reports First-Quarter Operating Profit of 268.5 Billion Won, Up 19% Year-on-Year

Cloud Business Grows 23% Year-on-Year to 652.9 Billion Won
Cloud Revenue Surpasses 40% of IT Services Division for the First Time in a Quarter
Cellosquare Digital Logistics Platform Exceeds 20,200 Registered Customers

Samsung SDS announced that its operating profit for the first quarter was 268.5 billion won, an increase of 18.9% compared to the same period last year. First-quarter revenue rose by 7.5% to 3.4898 trillion won.

In particular, revenue from the IT services division was tallied at 1.6004 trillion won, up 3% from the same period last year. Revenue from the cloud business grew by 23% year-on-year to reach 652.9 billion won, surpassing 40% of total IT services division revenue for the first time.

The cloud business based on the Samsung Cloud Platform grew by 42% year-on-year, driven by increased demand for high-performance computing services, expansion of cloud network services, and the expansion of the Daegu public-private partnership public cloud service project.

The cloud management services business grew by 12% year-on-year, supported by cloud migration and deployment for financial and distribution companies, as well as the expansion of enterprise resource planning (ERP) and supply chain management (SCM) businesses.

Revenue from the logistics division increased by 11.6% year-on-year to 1.8894 trillion won, due to securing new customers and increased shipping volume resulting from early shipping demand ahead of the implementation of reciprocal tariffs in the United States. Revenue from the digital logistics platform Cellosquare grew by 12% year-on-year to 285 billion won. The number of registered customers increased to 20,200 companies.

A Samsung SDS official stated, "Although we expect industrial challenges to intensify amid this year's uncertain economic environment, we plan to continue expanding our business, focusing on cloud and generative AI services, as well as Cellosquare."