Genians Inc. posts 8.1 billion won in operating profit through Q3, up 274% year on year amid demand for AI security

[Financial News] Genians Inc. recorded cumulative operating profit of 8.1 billion won through the third quarter of this year, up 274% from the same period a year earlier.
Operating margins also topped 20%, fueled by growth in both its network access control (NAC) and endpoint detection and response (EDR) businesses.
Genians Inc. said on the 12th that its consolidated revenue through the third quarter rose 24% year on year to 38.7 billion won. Its operating margin was 21%, up 14 percentage points from the same period a year earlier.
The improvement in results was driven by the NAC and EDR businesses. In the NAC segment, new demand grew in the defense and medical sectors, in addition to large project wins from public institutions and local governments. Network security integration projects for large manufacturers and demand to expand overseas offices also contributed to growth.
Demand increased for new deployments of the integrated endpoint security solution Genian Insights E, as well as for additional licenses from existing customers, particularly in the public, defense and financial sectors. In particular, demand for real-time detection of anomalous behavior to counter AI-based hacking threats supported growth in the EDR business.
The software-as-a-service (SaaS) business also expanded. The cumulative number of customers for its cloud-based NAC offering surpassed 300, and the number of customers for its managed detection and response (MDR) service also grew. Overseas, while growth continued in the Middle East, Genians Inc. secured new customers in the United States and Asia-Pacific and expanded its partner channel in the United States.
Genians Inc. is expanding its business into new areas, having recently unveiled its next-generation AI security integration platform, Genians Security Platform (GSP). GSP provides an integrated view of the security status of networks and endpoints and supports everything from threat detection to isolating compromised endpoints. It combines threat intelligence (CTI) with MDR services, with a focus on reducing the burden of security operations for businesses.
Genians Inc. plans to officially launch a post-quantum cryptography (PQC)-based “Quantum Security Gateway” within the year and pursue opportunities in the next-generation security market.
Genians Inc. CEO Lee Dong-bum said, “We will contribute to strengthening national cybersecurity through an integrated AI security platform and a proactive defense system.”

[email protected] Choi Hye-rim Reporter