FPT entered Asia's top 50 IT services companies
FPT entered Asia's top 50 IT services companies
Global IT technology firm FPT Corporation has been ranked in Asia’s top 50 IT services companies and top 150 globally by revenue, according to Gartner Market Share: Services, Worldwide, 2023.
FPT headquarter located in Phạm Văn Bạch Street, Hà Nội. — Photo of the corporation |
This marks FPT as the first Vietnam-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.
According to Gartner® Market Share: Services, Worldwide report, 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.
Beyond this segment, FPT’s total revenue reached $2.17 billion from its core businesses in technology, telecommunications, and education and investment, marking a growth rate of 19.6 per cent. 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 per cent year-on-year increase in revenue. In addition, the Japanese market saw the largest growth of over 52 per cent in 2023, in terms of Japanese Yen, followed closely by the Asia-Pacific region with a 37.7 per cent growth.
In 2023, FPT expanded its global footprint by opening new offices in the Americas, Japan, Korea, China, and Indonesia and making strategic investments and acquisition deals with Landing AI, Intertec International, Cardinal Peak, and AOSIS, as well as strengthening partnerships with industry leaders like SAP, Microsoft, AWS, Salesforce, and Adobe. It also enhanced expertise and core competencies in various domains, such as cloud and data, ERP modernisation, healthcare, BFSI, energy and software-defined vehicles (SDVs), with the launch of FPT Automotive, an automotive technology subsidiary headquartered in the United States.
In the first quarter of 2024, FPT recorded revenue and profit before tax year-on-year growths of 20.6 per cent and 19.5 per cent, respectively.
Looking forward, it aims for increases of 17.5 per cent in revenue and 18.2 per cent in profit before tax for 2024. By 2030, FPT aims to achieve $5 billion in revenue from IT services for the global market, solidifying its stature as a world-class technology solutions provider.
