FPT’s revenue hits a new peak, Technology reaches 1 billion USD

FPT’s revenue hits a new peak, Technology reaches 1 billion USD

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2023-01-18 01:57:39

FPT Joint Stock Company has just announced its business results in 2022.

FPT said that this year’s revenue reached 44,017 billion dong, pre-tax profit was 7,654 billion dong, up 23.4% and 20.8% respectively over the same period last year, completing 104% of the revenue target and 100 percent of the target. % profit approved at the 2022 General Meeting of Shareholders.

Thus, in the fourth quarter of 2022 alone, FPT’s revenue is about 13,042 billion dong, continuing to set a new record.

Pre-tax profit in the fourth quarter was about VND 1,989 billion, a slight decrease compared to the third quarter of 2022 and ending a series of 6 consecutive quarters of profit growth. Compared to the same period last year, FPT’s profit increased by 13%.

FPT's revenue reached a new peak, the Technology sector hit the $1 billion mark - Photo 2.

Technology Block (including domestic IT services and foreign IT services) contributed 58% of revenue and 45% of pre-tax profit of the whole Group, equivalent to VND 25,521 billion and VND 3,421 billion, up 23.1 respectively. % and 22.2% over the previous year.

In which, overseas IT services revenue reached VND 18,935 billion, up 30.2%, profit before tax reached VND 2,987 billion, up 23.3% compared to 2021. Key markets all kept their momentum. high growth, especially in the US (up 50%) and Asia – Pacific (up 36.4%).

The Japanese market, although affected by the depreciation of the Yen, still grew by 16% YoY thanks to the high demand for digital transformation, especially in the second half of 2022. Digital conversion revenue reached VND 7,349 billion, up 33% over the same period, affirming the Group’s ability to provide effective and comprehensive digital transformation services.

The IT services segment in foreign markets also recorded new registration revenue of VND 21,594 billion (equivalent to USD 1 billion), up 39% over the previous year. The number of new contracts signed with a revenue of over USD 5 million/project reached 31 contracts, up 63.2% over the same period.

The IT services segment in the domestic market achieved revenue and pre-tax profit of VND 6,586 billion and VND 434 billion, respectively, equivalent to growth of 6.3% and 15.3% over the same period. In which, products and solutions under the Made by FPT ecosystem brought in VND 1,150 billion in revenue, up 54.3% over the same period.

The Made by FPT technology ecosystem is one of FPT’s important growth drivers in the long term. The ecosystem is developed based on core technology platforms including AI, Blockchain, Cloud, IoT and Lowcode; has the ability to be widely applied in many key fields such as e-government, transportation, healthcare, finance and banking, telecommunications, education, manufacturing…

In September 2022, FPT launched the first line of microchips applied in IoT products for the medical field, realizing the dream of manufacturing semiconductor components initiated by Vietnamese intelligence. In the next two years, FPT plans to supply 25 million chip units to the global market.

Revenue Telecommunications block growth of 16.1% over the same period last year, reaching VND 14,730 billion; EBT increased by 17.6% to 2,818 billion dong. In which, revenue from telecommunications services increased by 15.5%, reaching 13,954 billion VND.

The strong increase in demand for education in the information technology industry has contributed to boosting FPT’s Education revenue by 53% over the same period last year, reaching VND 4,712 billion. In 2022, FPT Education’s education system will reach a scale of over 100,000 learners across the system.

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