Genians triples OP in Jan.-Sept. on NAC, EDR growth

Résumé détaillé

Cybersecurity firm Genians Inc. more than tripled its operating profit in the first nine months of this year from a year earlier, driven by strong growth in its network access…

Cybersecurity firm Genians Inc. more than tripled its operating profit in the first nine months of this year from a year earlier, driven by strong growth in its network access control (NAS) and endpoint detection and response (EDR) businesses.

Genians said on Thursday that revenue reached 38.7 billion won ($28.9 million) in the January-September period, up 24 percent from a year earlier. Operating profit surged 273.9 percent to 8.1 billion won over the same period, lifting the operating margin to 20.9 percent from 6.9 percent a year earlier.

Net profit also more than doubled to 7.7 billion won from 3.2 billion won.

Growth in its core NAC and EDR businesses drove the earnings gains. In the NAC business, Genians continued to win large-scale projects from public institutions and local governments, while demand also increased in the defense and hospital sectors. Additional demand came from major manufacturers seeking to integrate network security systems and expand overseas operations.

New deployments of its integrated endpoint security solution, Genian Insights E, increased in the public, defense, and financial sectors. The company also expanded license sales to existing customers adding more devices to their networks.

The number of customers using its cloud-based NAC service surpassed 300, while its MDR customer base also grew. MDR uses EDR technology to monitor and respond to cybersecurity threats. The expansion reflects Genians’ shift toward subscription-based security services alongside sales of conventional on-premises products.

Genians is also preparing to address hacking threats posed by quantum computing. The company plans to officially launch its quantum security gateway, which incorporates post-quantum cryptography (PQC), by the end of this year.

“Amid the emergence of AI-driven cyber threats and the full implementation of government policies to strengthen security accountability, we have demonstrated our technological capabilities and value as a platform company…

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