KRX:018260

Samsung SDS Q2 Net Income Climbs 5%

Samsung SDS (KRX:018260) reported a 5% year-over-year increase in second-quarter net income attributable to shareholders to 179.1 billion won from 170.6 billion won.The IT services provider's revenue rose 5.9% to 3.718 trillion won from 3.512 trillion won in the three months ended June 30, according to a Thursday filing with the Korea Exchange.For the first half, net income attributable to shareholders fell 29% to 271.4 billion won from 382.1 billion won a year earlier, while revenue edged up 1% to 7.071 trillion won.

Samsung SDS Launches Neural Processing Unit as a Service

Samsung SDS on Monday launched its Neural Processing Unit as a Service, based on Furiosa AI's second-generation Renegade processor on its Samsung Cloud Platform, according to a Monday release.The domestically developed NPU is designed for AI inference and offers higher power efficiency and better cost-effectiveness than graphics processing units when running pre-trained AI models.Samsung said that its NPUaaS customers can use the service on a subscription model through SCP without purchasing NPU servers directly or deploying them in their own data centers.The service can be integrated with various SCP products, including storage, compute, and high-speed networks.

Market Chatter: Samsung SDS Scraps Stock Incentive Plan Following Employee Opposition

Samsung SDS (KRX:018260) has abandoned a proposed shift from cash-based incentives to treasury share compensation after the plan secured only around 40% support in an employee vote, according to a report by The Korea Times on Wednesday.This comes on the back of the formation of the company's first labor union which has attracted more than 5,500 members, the report said.Employees opposed the proposed plan since it would have been linked to both the company's share price and the KOSPI IT services index, thus resulting in a potential fluctuation of the compensation, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Samsung Group to Invest KRW1,000 Trillion in Korea; Samsung Elec Shares Decline 7%, Samsung SDI Fall 5%

Samsung Group plans to invest 1,000 trillion won in South Korea over a period of 10 years, details of which will be announced on Monday at a meeting with President Lee Jae Myung at ​the presidential office, Reuters reported Friday, citing a Maeil Business Newspaper report that did not cite sources.The investment could potentially include ​300 trillion won for the construction of chip factories in the southwest of the country, the report said.The investment will be used to build AI data centers, ⁠develop batteries and displays, according to Maeil Business as cited by Reuters.Samsung Group comprises chip giant Samsung Electronics (KRX:005930), battery maker Samsung SDI (KRX:006400), and IT services firm Samsung SDS (KRX:018260), among others.Samsung did not immediately reply to' request for comment.Shares of Samsung Electronics fell nearly 7% while those of Samsung SDI declined nearly 5%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

Samsung SDS' Net Attributable Income Declines in Q1

Samsung SDS (KRX:018260) posted first-quarter net income attributable to shareholders of 92.4 billion won, down 56% from 211.5 billion won a year earlier, according to a Thursday filing with the Korea Exchange.Sales fell 3.9% year over year to 3.352 trillion won from 3.489 trillion won.Shares of Samsung SDS, which provides information technology services, fell 1% in recent trade.

EBEST Investment & Securities Starts Samsung SDS at Buy with KRW203,000 Price Target