FPT ranked among Asia’s Top 40 IT companies in 2024

FPT ranked among Asia’s Top 40 IT companies in 2024

FPT Corporation has been recognised in Gartner’s Market Share: Services, Worldwide, 2024 report, ranking 40th in Asia and 139th globally among IT services providers by revenue.

FPT's software engineers discussing their work. The corporation ranked among Asia’s Top 40 IT companies in 2024. — Photo courtesy of FPT

FPT Corporation has climbed to 40th in Asia and 139th globally in Gartner’s 2024 Market Share: Services, Worldwide, 2024 report, rising six and 18 spots, respectively from last year among IT services providers by revenue.

In 2024, FPT’s technology sector generated over US$1.4 billion, accounting for 62.2 per cent of its total revenue of $2.47 billion, a 19.4 per cent year-on-year increase. The tech division contributed 47.2 per cent of pre-tax profit.

FPT’s IT services for foreign markets experienced a 27.4 per cent year-on-year revenue surge, contributing 79.1 per cent of its technology revenue and 91.2 per cent of the segment’s pre-tax profit. This robust growth was driven by global demand for digital transformation, one of FPT’s most in-demand services, which saw 37.6 per cent revenue growth year-on-year.

The Japanese market led the increase, surpassing $500 million in revenue, while the Asia-Pacific region followed with 34.8 per cent growth.

FPT secured several major contracts globally, including $225 million in the United States, $115 million in Germany and $110 million in Singapore.

FPT is intensifying its focus on AI, semiconductors, automotive, digital transformation and green transformation, with a strategic goal to develop one million AI agents.

The company targets a 20 per cent increase in revenue and a 21 per cent rise in pre-tax profit for 2025, with a long-term goal of reaching $5 billion in global IT services revenue by 2030. 

Bizhub