FPT Software aims for US$1-billion revenue by 2020

Monday, Jan 26, 2015 17:01

FPT Software aims to earn US$1 billion in revenue and join more software outsourcing markets in 2015. — Photo cafef.vn

HA NOI (Biz Hub) — FPT Software aims to earn US$1 billion in revenue, employ 30,000 workers, and join more software outsourcing markets in 2015.

The firm will boost development strategies in main markets, such as develop solutions and services based on modern technology in the United States and train 10,000 engineers for the Japanese market.

Nguyen Thanh Lam, general director of the firm, said this on January 24 in Ha Noi, at a conference to summarise the company's activities in 2014.

Lam pointed out that in the period 2004-2013, FPT Software's average growth rates in revenue and human resources were 49 per cent and 43 per cent respectively.

In 2013, its revenue rose to a record $100 million, and the enterprise aimed to earn $130 million and have 6,500 employees in the following year. In fact, its revenue increased by 35 per cent to touch $138 million in 2014. The firm had more than 7,000 employees, with nearly 1,000 people working in its 19 offices in nine countries.

FPT Software also won bids in important markets such as the United States, European Union and Japan last year. In the United States, the Vietnamese company continued its co-operation with DIRECTV, an American direct-broadcast satellite service provider. FPT Software is in charge of developing advanced technologies for broadcasting services that DIRECTV provides on a global scale.

In 2014 alone, the American market brought nearly $40 million for FPT Software, with a growth rate of 39 per cent. Its revenue in the European Union reached nearly $20 million, with a significant growth rate of 117 per cent. Japan alone contributed half of the firm's total revenue. — VNS

Comments (0)