Samsung SDS said on the 30th that second-quarter revenue was 3.7178 trillion won and operating profit was 231.8 billion won. That was up 5.9% and 0.7%, respectively, from a year earlier.
Samsung SDS said results improved as both the IT services and logistics businesses grew steadily, with expansion in the cloud business, contract logistics, and the digital logistics platform Cellosquare.
Revenue in the IT services institutional sector was 1.7625 trillion won, up 5.0% from a year earlier. Of that, cloud business revenue was 779.4 billion won, up 17% from the same period last year. In particular, external cloud business revenue jumped 75% year over year, driving growth in the IT services business.
Within the cloud business, the cloud service provider (CSP) business grew 24% year over year on stronger demand for the Samsung Cloud Platform (SCP) and expansion of GPUaaS services in public and external industries. The managed service provider (MSP) business rose 17% on growth in artificial intelligence transformation (AX) projects in finance and enterprise resource planning (ERP) projects in shipbuilding.
Revenue in the logistics institutional sector was 1.9553 trillion won, up 6.6% from a year earlier. Growth was driven by increased air forwarding and contract logistics centered on inland and warehousing, as well as expansion in external business centered on Cellosquare.
Looking ahead, the company said it will expand a full-stack AI business spanning AI infrastructure, AX·AI services, and AI platforms and solutions to become a global artificial intelligence transformation (AX) corporations. In AI infrastructure, it was selected as a key operator for the government's program supporting GPU procurement, buildout, and operation, and it has introduced GPUaaS based on Nvidia B300 and FuriosaAI NPUaaS in succession. AX·AI services are expanding into finance by winning the Woori Bank AI agent build project and The Export-Import Bank of Korea Generative AI system build project.
In the AI platforms and solutions institutional sector, the company is leading with Brity Works to step up its push into the public and corporations markets and has built partnerships with OpenAI, Anthropic, and Google Cloud. In new businesses, it is expanding digital asset and Robotics operations through an equity investment in Dunamu and an investment in the U.S. physical AI corporations Walden Robotics, and it plans to expand AI infrastructure from the current 110 MW to 230 MW in 2029 and more than 800 MW in 2031.