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FPT Software hits $1 billion in global IT service revenue

EditorNatashya Angelica
Published 01/11/2024, 11:42 PM
© Reuters.
FPT
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HANOI - FPT Corporation, a leading global technology firm based in Vietnam, has announced a significant milestone, achieving over one billion USD in revenue from its global IT services in 2023. This achievement underscores the company's growth trajectory and its ambitions to expand its global footprint further.

FPT's journey began with the establishment of its subsidiary FPT Software in 1999. Over the years, the company has transitioned from a service provider to a comprehensive solutions provider, now offering advanced IT services including digital transformation and legacy modernization.

The company's chairman, Dr. Truong Gia Binh, highlighted Vietnam's emerging position as a destination for global businesses, expressing the company's aspirations to excel in the semiconductor and artificial intelligence sectors. FPT Software's Chairwoman, Chu Thi Thanh Ha, emphasized the importance of the company's workforce and its commitment to fostering a positive work environment and continuous learning culture.

FPT Software's CEO, Pham Minh Tuan, outlined the company's strategy to embed AI into all services and solutions, aiming to enhance agility, productivity, and delivery times for clients across various high-growth fields such as automotive, healthcare, and finance.

In addition to its financial success, FPT has also made strategic partnerships, including joining SAP's Regional Strategic Services Partner (RSSP) in the Asia Pacific and Japan region in 2023. With a strong presence in the automotive software sector, FPT has served over 150 clients, including prominent brands like Honda (NYSE:HMC) and Hyundai (OTC:HYMTF). The recent launch of FPT Automotive in the United States marks a continuation of the company's expansion efforts.

FPT Corporation, along with its subsidiary FPT Software, has established a global presence with over 30,000 employees across 30 countries. The company aims to reach USD 5 billion in revenue from global IT services by 2030 and is focusing on achieving billion-dollar milestones from a single market, a single industry vertical, and a single contract.

This announcement is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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