SEOUL, January 22 (AJP) - Samsung SDS said on Thursday it posted annual revenue of 13.93 trillion won ($10.4 billion) last year, up 0.7 percent from a year earlier, while operating profit rose 5 percent to 957.1 billion won, as growth in cloud and artificial intelligence services offset weakness in logistics.
Fourth-quarter revenue fell 2.9 percent from a year earlier to 3.54 trillion won, the company said, while operating profit rose 6.9 percent to 226.1 billion won.
By segment, revenue from IT services increased 2.2 percent to 6.54 trillion won. Cloud revenue climbed 15.4 percent to 2.68 trillion won, leading growth in the IT services business.
Samsung SDS said its cloud service provider business expanded on higher use of the Samsung Cloud Platform as generative AI services gained traction, alongside broader growth in high-performance computing and cloud network services.
In AI platforms, Samsung SDS said it will support broader adoption of generative AI across industries through a ChatGPT Enterprise reseller partnership agreement signed with OpenAI in December, which it said was the first such deal by a South Korean company.
In AI solutions, the company plans to expand its collaboration tool Brity Works and its generative AI service Brity Copilot — currently being piloted at three government agencies — to all 57 central government ministries.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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