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PIOLINK's third-quarter operating profit jumped about 99% year-on-year.

Press Releases        2020-11-11

PIOLINK, a company specializing in cloud data center optimization, announced in a public announcement on the 11th that its operating profit in the third quarter of 2020 (accumulated) increased by 99% year-on-year to about KRW 32.7 billion and net profit increased by 229% year-on-year to about KRW 54.5 billion.


The company has been in the surplus for eight consecutive quarters since the fourth quarter of 2018 by achieving a surplus in the third quarter of 2020, and in particular, its profit margin has increased significantly compared to the same period last year. This seems to be due to increased sales of high-specification products and stabilization of profit structure of security businesses.

The company is the only ADC (Application Delivery Controller) manufacturer in Korea and is showing its potential to maintain the top spot in Korea for the fourth consecutive year despite competing with leading foreign companies. In addition, it manufactures security switches and web firewall equipment, which are key components of network configuration.

"In a hyper-connected society where everything is connected to the Internet, data traffic will inevitably increase, and the business outlook will be positive in the future as our products and services are essential to solve this problem," a PIOLINK official said.

 

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