[Featured Stock] Samsung SDS, Strong Performance Driven by Cloud Division Growth
Samsung SDS is showing strong performance. This appears to be due to increased expectations for this year's earnings as the first quarter operating profit exceeded market expectations.
At 10:29 AM on the 26th, Samsung SDS was trading at 157,400 KRW, up 4.79% from the previous day.
Samsung SDS recorded sales of 3.2473 trillion KRW and an operating profit of 225.9 billion KRW in the first quarter of this year. While sales decreased by 5% compared to the same period last year, operating profit increased by 16%.
Dongyang Kim, a researcher at NH Investment & Securities, explained, "Despite challenging business conditions such as reduced IT investment, weak cargo volume, and freight rates, profitability has improved," adding, "We expect growth in scale and profitability through high growth in cloud services."
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He continued, "With the launch of enterprise generative AI services and the advancement of IT services and logistics business, growth in scale is possible," and added, "Operating profit this year is expected to increase by 14% compared to the previous year."
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