Korean IT solutions provider LG CNS said that on Monday, it achieved its highest-ever first-quarter sales and operating profit, driven by the accelerating adoption of cloud and artificial intelligence solutions across industries.
Its first-quarter sales reached 1.21 trillion won ($840 million), an increase of 13.2 percent compared to a year earlier. Operating profit came in at 78.9 billion won, up 144.3 percent from a year ago.
The IT solutions provider said its sales have continued to grow steadily for eight consecutive years since 2018.
Sales from the company’s cloud and AI business surged 30.1 percent on-year to 717.4 billion won, accounting for about 59 percent of total sales and solidifying its position as LG CNS’ key growth engine.
In the AI sector, notable growth was recorded particularly in the financial and manufacturing industries.
In the manufacturing sector, the company is actively upgrading production facilities into AI-powered intelligent factories, with major projects underway for clients including S-Oil.
The cloud business also maintained strong momentum, buoyed by increasing demand for cloud migration across diverse sectors such as gaming, logistics and finance.
LG CNS has further reinforced its leadership in the data center sector, both domestically and abroad, entering a phase of rapid revenue growth.
Meanwhile, sales from the smart engineering sector, encompassing smart logistics, smart factories, and smart cities, totaled 206.3 billion won.
Revenue from digital business services, including system integration projects, reached 287.7 billion won, bolstered by new large-scale orders in the financial and public sectors.
LG CNS is actively investing to secure future growth. To gain an early lead in the emerging agentic AI market -- considered a future pillar of AI technology -- the company is advancing service development in partnership with global AI leaders such as Cohere and Weights & Biases.
Additionally, it plans to strengthen its cloud and AI transformation partnerships with global tech giants including AWS, Microsoft and Google Cloud, aiming to accelerate its expansion in Korea, the US and the Asia-Pacific region.
yeeun@heraldcorp.com
