Samsung SDS disclosed on the 30th that operating profit under consolidation for the third quarter of this year was 232.3 billion won, down 8.1% from the same period a year earlier. Revenue fell 5% year over year to 3.3913 trillion won, while net profit increased 8.2% to 201.1 billion won.
By institutional sector, information technology (IT) service revenue was 1.5957 trillion won, down 2.1% from a year earlier. However, cloud business revenue rose 5.9% to 674.6 billion won, continuing its growth trend. Of this, the cloud service provider (CSP) segment grew 18% on expanded use of Samsung Cloud Platform (SCP) in the public services field and increased cloud demand in manufacturing. The cloud managed services provider (MSP) business remained stable, centered on finance and the public sector.
Logistics institutional sector revenue recorded 1.7956 trillion won, down 7.4% year over year as cargo volume declined due to falling ocean freight rates and the impact of U.S. tariff policy. In contrast, subscribers to the digital logistics platform "Cello Square" increased 31% from a year earlier to 23,451 companies, highlighting the platform's strong growth.
Samsung SDS said, "Even amid an uncertain economic environment, including tariff policy and constrained investment, we will continue growth centered on cloud, generative AI, and Cello Square," adding, "In the public institutional sector, we plan to focus on advancing AI services based on follow-up implementation projects and the Daegu public-private partnership cloud center."