FPT revenue, profit jumps

Wednesday, Jan 18, 2023 12:08

Customers visit a booth during FPT Techday 2022 held in HCM City in November 2022. — Photo courtesy of FPT

Vietnamese software giant FPT recorded revenue of VNĐ44 trillion (US$1.8 billion), bringing profit before tax of VNĐ7.6 trillion, up 23.4 per cent and 20.8 per cent year-on-year, respectively.

The company’s EPS (earning per share) reached VNĐ4,421 per share, up 22.2 per cent compared to the previous year, showing the company's efforts to achieve the goal of sustainable growth of over 20 per cent.

The technology unit (including Domestic IT Services and Global IT Services) continued to play a key role, contributing 58 per cent of revenue and 45 per cent of pre-tax profit.

Global IT Service revenue reached VNĐ18.9 trillion, up by 30.2 per cent and its profit before tax reached VNĐ2.98 trillion, up 23.3 per cent over the same period in 2021. Notably, revenue grew in all markets, especially in the US (up 50 per cent) and Asia-Pacific (up 36.4 per cent). The Japanese market also witnessed a rapid recovery with revenue growth reaching 16 per cent despite weakening Japanese yen.

Meanwhile, digital transformation revenue reached VNĐ7.34 trillion, an increase of 33 per cent over the same period, affirming the ability of the company to provide effective and comprehensive digital transformation services.

The domestic IT services segment achieved revenue and pre-tax profit of VNĐ6.59 trillion (+6.3%) and VNĐ434 billion (+15.3%), respectively, of which, products of the Made by FPT ecosystem brought in VNĐ1.15 trillion in revenue, up 54.3 per cent over the same period.

The Made by FPT technology ecosystem is developed based on core technology platforms including AI, Blockchain, Cloud, IoT and Lowcode and has wide applicability in many key fields such as e-government, transportation, healthcare, finance and banking, telecommunications, education and manufacturing. — VNS

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