FPT Hits One Billion USD Revenue in Global IT Services for the First Time

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Global technology corporation FPT has surpassed one billion USD in the global IT services segment, generated by its subsidiary FPT Software. This marks FPT as the first Vietnam-headquartered tech firm to reach this milestone, underscoring its sustainable growth, steadfast commitment to innovation, and dedication to client satisfaction.

In 2023, the IT firm made monumental strides in expanding its global presence and alliances to deliver successful digital transformation to customers, evident from its elevated strategic partnerships with several industry leaders, including SAP, Microsoft, AWS, Salesforce, and Adobe. As part of FPT¡¯s global expansion strategy, it has also inked several investment and acquisition deals with Landing AI (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffptsoftware.com%2Fnewsroom%2Fnews-and-press-releases%2Fpress-release%2Ffpt-announces-strategic-partnership-with-landing-ai-advancing-artificial-intelligence-development-and-education&esheet=53874186&newsitemid=20231221481561&lan=en-US&anchor=Landing+AI&index=1&md5=f8a2a8843d63bce8b64cfe6d4da4093a), Intertec International (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffptsoftware.com%2Fnewsroom%2Fnews-and-press-releases%2Fpress-release%2Ffpt-software-acquires-intertec-internationals-it-services-division&esheet=53874186&newsitemid=20231221481561&lan=en-US&anchor=Intertec+International&index=2&md5=11ae4019a50235ffdd7e25e3be28b3db), Cardinal Peak (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffptsoftware.com%2Fnewsroom%2Fnews-and-press-releases%2Fpress-release%2Ffpt-acquires-product-engineering-services-firm-cardinal-peak&esheet=53874186&newsitemid=20231221481561&lan=en-US&anchor=Cardinal+Peak&index=3&md5=6807b6d94b58356d013eb17184742f84), and AOSIS (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffptsoftware.com%2Fnewsroom%2Fnews-and-press-releases%2Fpress-release%2Ffpt-acquires-majority-stake-of-french-it-consulting-firm-aosis-expanding-european-delivery-capabilities&esheet=53874186&newsitemid=20231221481561&lan=en-US&anchor=AOSIS&index=4&md5=214be24a7db57cca399b81e5dda671f5) to enhance its competencies and provide closer support to clients in overseas markets. These efforts allow FPT to double its revenue from global IT services in three years, with the largest contribution from its major markets - Japan, the Americas, and Asia Pacific, accounting for roughly 30 percent each.

FPT has established itself as a trusted partner for businesses across several sectors, with digital transformation playing a large role in its end-to-end services and solutions portfolio, accounting for nearly 50% of total global revenue. The corporation has extensive expertise in several domains, including ERP modernization, cloud and data, and software-defined vehicles. The recent launch of FPT Automotive (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffptsoftware.com%2Fnewsroom%2Fnews-and-press-releases%2Fpress-release%2Ffpt-launches-automotive-technology-subsidiary-facilitating-sdv-transition&esheet=53874186&newsitemid=20231221481561&lan=en-US&anchor=FPT+Automotive&index=5&md5=bd401b15b21a725f96af84740f3162af) further solidifies its strategic investment and builds on its decade-long experience in automotive product engineering services and solutions.

These achievements are supported by FPT¡¯s human-centric approach to doing business, with its strong commitment to sustainable practices, workplace diversity, and workforce development. It earned EcoVadis Silver rating (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffptsoftware.com%2Fnewsroom%2Fnews-and-press-releases%2Fnews%2Ffpt-software-earns-2023-ecovadis-silver-rating-for-sustainability&esheet=53874186&newsitemid=20231221481561&lan=en-US&anchor=EcoVadis+Silver+rating&index=6&md5=090aa6cfc49b1d8fab69123f5396b85f) for its ESG initiatives and was recognized as the ¡®Great Place to Work¡¯ in various countries, including Vietnam, Japan, Singapore, the US, and more.

As a world-class technology enabler for complex business challenges and opportunities, FPT anticipates immense global market potential and opportunities to reach more billion-dollar milestones in revenue and profit from a single market, a single vertical industry, and a single contract. Following this direction, the IT firm will continue delivering comprehensive services and solutions, all embedded with artificial intelligence (AI). Its global workforce will be further strengthened with seasoned experts and a robust pipeline of young, skilled IT talents from its home country, Vietnam, and other locations like India, China, the Philippines, and Latin America. At the same time, it will be at the forefront of promoting the momentum of Vietnam as the world¡¯s emerging digital hub to help its clients reinvent business excellence and resilience.

¡°FPT Corporation¡¯s ambition is to showcase Vietnamese intelligence and technology to the global stage, and our subsidiary FPT Software was founded to realize that vision. As the world turns its attention to Vietnam as a prominent hub for business investment and digital innovation, we have proven our pivotal role in driving this movement. In the journey ahead, we will persist as a trusted partner, empowering global enterprises towards a more sustainable and happier future,¡± said FPT Corporation Founder and Chairman Dr. Truong Gia Binh.

¡°People development is the foundation for our sustainable growth. This achievement is a testament to the collective efforts and wisdom accumulated across generations of FPT Software¡¯s people. We will continue focusing on talent development and equip our people with a happy working environment and the necessary knowledge and skills to keep up with growing market demand and global standards,¡± said FPT Software Chairwoman Chu Thi Thanh Ha.

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