[Yumi's Pick] Samsung SDS: Will Cloud Growth Bring Profitability in 2Q? Forecast for Simultaneous Revenue and Operating Income Growth

Samsung SDS is projected to see revenue and operating income growth in Q2 2024 driven by cloud business expansion, despite limited growth due to ongoing IT investment constraints and reduced global logistics. The company will report Q2 results on July 30, with analysts closely monitoring its ability to maintain previous performance levels. Consensus estimates predict revenue of KRW36.56 trillion and operating income of KRW2.368 trillion, representing 4.1% and 2.9% increases year-over-year, respectively. While revenue growth is expected to outpace profit growth, cloud services like managed cloud (MSP) and GPUaaS, along with demand for cloud migration in public and financial sectors, are anticipated to drive results. However, strategic collaborations with global tech firms may not immediately impact Q2 performance.