FPT Announced Strong Profit Growth in 9 Months of 2022

Revenue continued to increase in all markets, especially in the US (+42.4%) and APAC (+56.4%). Japan market saw rapid recovery with the revenue growth of 12% despite weakening JPY .

Revenue from Digital Transformation reached VND 5,294 billion, up by 34% YoY, focusing on new technologies such as Cloud Computing, Artificial Intelligence/Data Analytics, Blockchain,...

9 months of 2022, FPT recorded various orders from global clients, including 18 projects with a scale of over 5 million USD, signed revenue reached VND 16,799 billion (+42.6% YoY), heading towards the billion USD milestone by the end of this year.

Telecom services revenue recorded double digit growth(+16.1%), reached VND 10,243 billion. Profit margin expanded from 18.1% to 18.8% thanks to profit growth from PayTV segment.

The education segment continued to see strong revenue growth of 47%, reaching VND 3,104 billion in 9 months of 2022.

FPT becomes LTS, Inc’s strategic shareholder. October 13, 2022, FPT announced its investment in Japanese business consulting services provider LTS Inc., becoming its strategic shareholder. The investment is expected to help FPT strengthen its capabilities in Japan's consulting industry and target more double-digit million-dollar deals.

FPT Software reaffirmed its leading technology capabilities by earning two titles at the ceremony of Vietnam’s Top 10 ICT Companies 2022 Awards in September, including membership in the first-ever Trillion VND Club.

Vietnam’s Top 10 ICT Companies is the annual award program organized by Vietnam Software and IT Services Association (VINASA) to honor the country’s best-performing technology and IT services companies that contribute to putting Vietnam on the world’s technology map. A judging committee comprising industry experts and representatives from ministries and press agencies gathered to evaluate and select the most outstanding companies into 18 categories. Recognized companies must meet stringent criteria in terms of business results, technology capabilities, human resources, growth potential, and so on.

FPT Software was included in Trillion VND Club, which recognizes enterprises with revenue reaching at least VND 1,000 billion in the past year. Trillion VND Club was introduced to this year’s award program for the first time to affirm the leading position of Vietnamese ICT companies and set out the mission to accelerate the nation’s digital transformation progress along with the Government and other IT companies and start-ups.

As a complete IT services provider, FPT Software has been praised for its digital solutions and capabilities in blockchain, cloud and cyber security in several award seasons. This year, the company was the only organization eligible for Top Edtech Companies, demonstrating its wide range of expertise.