Technology contributed 59% of FPT's total revenue after 9 months, with more than 22,500 billion VND, up nearly 26% over the same period.
FPT Corporation (FPT) has just announced its business results for the first 9 months of the year. Accordingly, the company recorded total revenue of more than VND 37,900 billion, pre-tax profit of more than VND 6,700 billion, up 22.4% and 19.5% over the same period.
The Technology Sector, including domestic and foreign IT services, continues to play a key role. This segment contributes 59% of the group's revenue and 46% of pre-tax profit, equivalent to VND22,517 billion and VND3,128 billion, up 25.7% and 20.8%, respectively.
Of which, overseas revenue reached VND 17,626 billion, up nearly 31%, with pre-tax profit reaching VND 2,878 billion, up 30%. Important markets all maintained growth momentum, especially in Japan. Despite the devaluation of the yen, FPT's revenue in Japan still increased by more than 44%. Digital transformation revenue from overseas markets in the first 9 months reached VND 7,710 billion, up 46%, focusing on technologies such as cloud, AI/data analytics...
FPT said it has received many large orders from foreign markets, with newly signed revenue reaching VND20,700 billion, up more than 23%. Of these, 20 projects are worth over USD5 million. In July, the group signed an agreement to develop software for various types of equipment from Nippon Seiki - Japan's largest speed measuring equipment manufacturer.
Domestic IT services still face many challenges due to the decline in demand from corporate customers. Revenue was recorded at nearly VND4,900 billion, up 10.2%, while pre-tax profit reached VND250 billion, down 34%.
FPT said it will continue to promote cooperation with the Government, ministries, foreign enterprises and less affected economic sectors. To date, FPT has promoted the signing of digital transformation cooperation agreements with nearly 30 localities.
In the telecommunications and education sector, the telecommunications service recorded double-digit growth. Revenue from this segment reached VND11,278 billion, up 10%. Pre-tax profit reached VND2,217 billion, up 15%. The strong increase in demand for information technology education helped boost FPT's education revenue by 43%, reaching VND4,435 billion.
Minh Son
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