The artificial intelligence (AI) service specialist ESTsoft announced on the 11th that it recorded a revenue of 31.2 billion won and an operating profit of 81 million won in the second quarter of this year. Revenue increased by 12.2% compared to the same period last year, and the operating profit returned to profitability.
The improvement in this performance was primarily driven by the steady growth of the AI software (SW) business, achievements in overseas publishing for the gaming business, and the recovery of performance in the asset management institutional sector. In the AI SW business sector, growth was achieved through ▲ an increase in monthly recurring revenue for the global AI software as a service (SaaS) 'PERSO.ai' ▲ expansion of AI talent training education programs ▲ and an increase in advertising revenue for the utility program 'ALTUTILS'.
ESTsoft expects that the improvement effect from the second quarter will continue into the second half of the year. This is because the monthly recurring revenue and conversion rates for PERSO.ai are showing an upward trend, and the results of the large-scale AI talent training education program will be recognized in the second half.
In particular, it added that as the national AI business starts in earnest, based on government and private demand, joining the government's independent AI foundation model project through the LG AI Research Consortium could further enhance the improvement effect.