Genians, a cybersecurity specialist, posted record-high earnings in the first quarter.
The company said Thursday its first-quarter revenue rose 25.5% year-on-year to 11.74 billion won on a consolidated basis. Operating profit during the same period surged 4,676.9% from a year earlier to 1.74 billion won.
The strong performance was driven by solid growth in core businesses such as Network Access Control (NAC) and Endpoint Detection and Response (EDR), as well as the expansion of service businesses including cloud NAC and Managed Detection and Response (MDR). Zero Trust, the company's next-generation growth driver, and "Genian Home," a home network inter-generational network separation security solution launched in the first quarter, also secured meaningful customers.
Genians expects to maintain strong growth momentum in the second half. The company anticipates that demand for an integrated defense system combining NAC, EDR and Zero Trust Network Access (ZTNA) will grow further as artificial intelligence (AI) accelerates cyberattacks. Independent research firm Value Finder forecast that the EDR market will grow more steeply than before due to the "Mitos Shock."
"The advent of the AI era is accelerating the separation of wheat from chaff among security companies, and Genians is proving its value through unrivaled technology and tangible financial performance," Genians CEO Lee Dong-bum said. "Building on the momentum of a successful turnaround in the first quarter, we will continue to grow in the second half through AI threat response and global expansion."
