Samsung SDS Sees Robust Cloud and Logistics Growth… Q2 Revenue Up 5.9% Year-on-Year

Q2 Revenue Reaches KRW 3.7178 Trillion
Operating Profit at KRW 231.8 Billion, Up 0.7% Year-on-Year

Samsung SDS achieved growth compared to last year, driven by strong performances in its cloud and logistics service businesses.

Samsung SDS announced on July 30 that its consolidated operating profit for the second quarter of this year reached KRW 231.8 billion, a 0.7% increase year-on-year, according to preliminary figures. During the same period, revenue was KRW 3.7178 trillion, up 5.9% from the same period last year.

Samsung SDS logo. Samsung SDS

Breaking down results by segment, revenue from the IT Services business totaled KRW 1.7625 trillion, a 5% increase year-on-year. Within IT Services, the Cloud business, which accounts for the largest share, grew by 17% year-on-year to KRW 779.4 billion. Notably, revenue from external clients in the Cloud business surged 75% from the previous year, driving improved results.

Within the Cloud division, the Cloud Service Provider (CSP) business saw 24% year-on-year growth, thanks to increased demand for the Samsung Cloud Platform (SCP) and expanded GPU as a Service (GPUaaS) offerings in the public and external sectors. For the Cloud Managed Service Provider (MSP) business, revenue rose 17% versus the same period last year, as AI transformation (AX) projects in finance and ERP projects in shipbuilding increased.

In the logistics business, growth in air forwarding and contract logistics focused on inland and warehouse operations, along with the expansion of external business centered on Cello Square, pushed revenue to KRW 1.9553 trillion—a 6.6% increase year-on-year.

Samsung SDS is working to boost its business competitiveness based on a comprehensive AI full stack that spans AI infrastructure, AX·AI services, and AI platforms and solutions. In AI infrastructure, the company was selected in June as an operator for the Ministry of Science and ICT's "GPU Procurement, Establishment, and Operation Support Project," and is currently building national AI infrastructure. In March, the company introduced, for the first time in Korea, GPUaaS based on NVIDIA B300. This month, it launched NPU as a Service (NPUaaS) based on the domestic neural network processing unit Renegade from FuriosaAI.

In the AX·AI service field, Samsung SDS was selected as the preferred bidder in April for Woori Bank's “AI Agent Deployment Project for AX,” which applies more than 175 AI agents to core banking work. The company also secured a project to build a generative AI system for the Export-Import Bank of Korea. In addition, Samsung SDS established collaborative frameworks with the world’s top three AI firms—OpenAI, Anthropic, and Google Cloud—for the first time in Korea.

Meanwhile, Samsung SDS is making strategic investments in digital assets and the physical AI field to secure future growth engines and discover new business opportunities. In May, the company, together with Samsung Securities and Samsung Card, acquired a 4% stake in Dunamu, Korea’s top digital asset exchange. In June, through Samsung Venture Investment, the company made a strategic investment in Walden Robotics, a U.S. physical AI full-stack company.

Investment in AI infrastructure is also ongoing. Samsung SDS plans to expand its existing 110-megawatt (MW) AI infrastructure to 230MW by 2029, and aims to increase the scale of its AI infrastructure business to over 800MW by 2031, including design, build, and operate (DBO) projects.

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