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LG CNS Operating Profit Rises 19% in Q1 on AI and Cloud Growth

GateNews
AI Industry News

According to Chosun Daily, LG CNS reported on April 30 that first quarter operating profit increased 19.4% year on year to 94.2 billion won (US$64.1 million), driven by AI and cloud demand. Revenue rose 8.6% to 1.3 trillion won (US$894 million).

The company’s AI and cloud unit generated 765.4 billion won (US$520 million) in revenue, up 6.7%, accounting for 58% of total sales. LG CNS was selected as a supplier of OpenAI’s ChatGPT Enterprise and has signed approximately 10 domestic customers.

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