Samsung SDS announced through a preliminary earnings disclosure that it recorded sales of 2.3569 trillion won and an operating profit of 181.8 billion won in the first quarter of 2018.

This represents an increase of approximately 10% in sales and 24% in operating profit compared to the same period last year.

Looking at the performance by business segment, revenue from the IT services business was recorded at 1.3457 trillion won, an increase of 10.2% compared to the same period last year, driven by strong cloud business and expansion of solution businesses including smart factories.

Revenue from the logistics BPO (Business Process Outsourcing) business was recorded at 1.0112 trillion won, a 9% increase compared to the same period last year, driven by the expansion of sales logistics and external business.

In particular, the strategic businesses that Samsung SDS is focusing on drove first-quarter performance.

Revenue from the cloud business increased by about 130% compared to the same period last year, and revenue from the smart factory business also increased by about 30% compared to the same period last year.

Revenue from the AI/Analytics business and the solutions business also increased by more than 40% each compared to the same period last year, and new blockchain-based businesses have also started to yield significant results.