Press Releases

This is the latest news on IGLOO Corporation. having been reported in press.

Posts $ 18.5 million in Revenues, $ 2.6 million in Profit in Q1 2014




Posts $ 18.5 million in Revenues, $ 2.6 million in Profit in Q1 2014




-  55% increase in revenue over Q1 2013 with profit turnaround
-  Favorable performance largely from the increased overseas sales


[May 15, 2014] Igloo Security (CEO: Deuk-choon Lee), a next generation managed security service provider, announced that it ended Q1 2014 with 18.9 billion and 2.6 billion in operating profit. The revenue was up 55% from the same period in the previous year (12.2 billion in revenue and -100 million in profit) and the profit turnaround was reached.

The improvements in performance were largely driven by balanced growth of earnings in all business sectors and the increased overseas sales. Particularly, the sales of solution and services in Japan and Ethiopia increased sharply.

Deuk-choon Lee, CEO of Igloo Security, said “Despite of the difficult management situations, Igloo has made a steady growth, largely due to business stabilization and substantial management.” He added, “We do not want to be complacent, and will continue to make aggressive investments to develop overseas markets and new growth momentums.”