Megazone Cloud, a leading Korean cloud services provider, said Monday it recorded revenue of 1.7496 trillion won ($1.3 billion) last year.
The company's annual revenue grew 27.9% compared with 2024. Net profit came in at 8.2 billion won, marking a successful turnaround to profitability.
Megazone Cloud attributed its earnings growth to the advancement of its business structure. Its Amazon Web Services (AWS)-related business maintained a growth trajectory, while Google Cloud and Google Workspace revenue surpassed 200 billion won on an annualized basis, posting rapid expansion.
Revenue from AI and cybersecurity also exceeded 370 billion won and 70 billion won, respectively, confirming growth in new business segments. The company has set targets of tripling revenue and achieving an operating profit margin of 15% by 2030. It also plans to aggressively expand new businesses backed by approximately 600 billion won in available funds and future proceeds from an initial public offering.