Plateer Turns Profitable in Q2 This Year... Driven by AX Solution Sales Growth

Vertical artificial intelligence (AI) and digital transformation (DX) solutions provider Plateer has successfully turned profitable.

Plateer announced on August 14 that its sales in the second quarter of this year reached 10.37 billion won, up 5.8% from the same period last year. In terms of operating performance, the company reversed last year's second quarter operating loss of 1.78 billion won to achieve an operating profit of 360 million won in this year's second quarter.

The expansion of artificial intelligence transformation (AX) solution sales has improved the company's revenue structure. The transition to an AX Foundry system, which repeatedly utilizes standardized solution assets, has generated operating leverage. AX solution sales reached 5.77 billion won in the second quarter of this year, a 89.3% increase compared to the same period last year. The AX solution's share of total revenue rose from 31% to 56% during the same period.

The DX solution division's sales also rose by 131.0%, reaching 4.46 billion won. This was attributed to the effect of a 29.4 billion won supply contract with Samsung Electronics signed through Samsung SDS in October last year, as well as a 6.1 billion won contract with Stargill in the United States, which was publicly disclosed in January.

Lee Sanghoon, CEO of Plateer, stated, "In the second half of this year, we plan to expand sales of agency AI and agency commerce solutions, such as large-scale commerce projects, X-Gen, and Genser."

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