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[LS Securities] Sharp RPO growth + accelerating cloud migration trend(2025.07)

This is a report published by Woo-sung Jung, Analyst at LS Securities.
Sharp RPO growth + accelerating cloud migration trend

- Accumulated order backlog sets the stage for strong growth ahead
- Workforce structure well positioned for cloud transition
- Initiating coverage with a Buy rating and a target price of KRW 66,600

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