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FPT's digital transformation revenue increases by 42% in 2023 

 Wednesday, March 6,2024

AsemconnectVietnam - In 2023, FPT records revenue of VND52,618 billion, pre-tax profit of VND9,203 billion, completing the plan and increasing by 19.6% and 20.1% respectively compared to 2022. Profit after tax for public shareholders parent company reached VND6,470 billion, growing by 21.8%; EPS reached 4,666 VND/share, up 21.3% compared to the previous year.

In particular, the Technology Division (including domestic IT Services and foreign IT Services) continues to play a key role, contributing 60% of revenue and 45% of pre-tax profit of the entire Group, equivalent to 31,449 billion VND and 4,161 billion VND, growing by 22.1% and 23.6% respectively.
The year 2023 will be historic for FPT when revenue from overseas IT services officially exceeds the 1 billion USD mark (reaching VND24,288 billion), an increase of 28.4%; Pre-tax profit reached VND3,782 billion, an increase of 27.1% compared to the previous year. The key markets all maintain high growth momentum, especially the Japanese market, despite the devaluation of the Yen, still maintains a high growth momentum of 43.4%. On December 16, 2023, FPT signed a cooperation agreement with two large Japanese enterprises, Yamato Holdings and TradeWaltz.
Digital transformation revenue from foreign markets in 2023 will reach VND10,425 billion, growing 42% over the same period, focusing on new technologies such as Cloud, AI/Data Analytics...
Newly signed revenue in foreign markets reached VND29,717 billion, an increase of 37.6%. Of these, there are 37 projects with a scale of over USD5 million, showing a shift in focus to large orders, confirming the effectiveness of FPT's "whale hunting" strategy.
Meanwhile, domestic IT Services recorded revenue of VND7,161 billion, a growth of 4.6% and pre-tax profit of VND379 billion, a slight decrease of 2.6%. Thanks to its high applicability and focus on core technologies, the Made-by-FPT technology ecosystem witnessed strong growth of 40.8%, bringing in revenue of VND1,620 billion, continuing to play the role of one of the Group's key growth drivers in the long term.
Other fields are Telecommunications Services, which recorded revenue of VND15,186 billion, an increase of 8.8% and profit after tax of VND2,895 billion, an increase of 15.4%; The Education segment achieved revenue of VND6,159 billion, an increase of 31%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
 

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