FPT among Asia's Top 50 IT Services Companies

May 20, 2024 | 03:44 pm GMT+7

Global IT technology firm FPT Corporation is the only Vietnamese winner in Asia’s top 50 IT services companies and top 150 globally by revenue, according to Gartner Market Share: Services, Worldwide, 2023.

This marks FPT as the first Viet Nam-headquartered tech firm to reach this milestone, underscoring the Corporation’s commitment to expanding its global customer base as well as providing comprehensive, end-to-end services and solutions.

FPT generated over US$1 billion in revenue from its global IT services in 2023. The Corporation now ranks 44th in Asia, up 8 places from the previous year. In the global league, FPT also changed 14 positions.

FPT’s total revenue reached US$2.17 billion from its core businesses in technology, telecommunications, and education and investment, marking a growth rate of 19.6 percent.

The growth was primarily driven by the world’s heightened demand for digital transformation, which continued to be one of FPT’s most highly sought-after services globally, with a 42 percent year-on-year increase in revenue.

Additionally, the Japanese market saw the largest growth of over 52 percent in 2023, in terms of Japanese Yen, followed closely by the Asia-Pacific region with a 37.7 percent growth.

In the first quarter of 2024, FPT recorded revenue and profit before tax year-on-year growths of 20.6 percent and 19.5 percent, respectively. Looking forward, it aims for increases of 17.5 percent in revenue and 18.2 percent in profit before tax for 2024.

By 2030, FPT targets to gain US$5 billion in revenue from IT services for the global market, solidifying its stature as a world-class technology solutions provider./.