PIOLINK(KOSDAQ 170790), a cloud data center optimization company led by CEO Cho Young-chul, has announced its financial results for the first quarter of 2023. The company reported a 27% year-on-year increase in sales, reaching approximately 13.4 billion won, with operating profit increasing by 21%.

 

The first quarter of 2023 marked the highest-ever sales for PIOLINK, driven by strong performance in the Japanese market. Exports witnessed a significant surge, rising by 178% from 1.2 billion won in the first quarter of the previous year to 3.4 billion won.

 

An official from PIOLINK stated, "The demand for cloud security switches in Japan is rapidly increasing due to the benefits they offer, such as strengthened security functions, convenient management, and reduced maintenance costs." The company also aims to achieve tangible results in its hyper-converged infrastructure (HCI) business this year and plans to focus on expanding sales efforts and collaborations with relevant companies.

 

PIOLINK is dedicated to providing users with fast and uninterrupted digital experiences in our increasingly interconnected society. The company offers a range of products and services designed to facilitate easy network management and ensure information protection for businesses. Its key products include Korea's leading application delivery controller, web application and API protection, cloud-managed networking, and hyper-converged infrastructure. In addition, PIOLINK provides comprehensive services such as security control and security consulting.

 

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