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FPT Reinforces World-Class Stature, Poised for Billion-Dollar Goals

FPT

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TL;DR

  • FPT, a Vietnam-based tech giant, surpasses $1 billion in global IT services revenue in 2023.
  • FPT sets ambitious goal of $5 billion in revenue from global IT services by 2030.
  • FPT’s evolution from simple applications to comprehensive solutions drives its world-class stature.

Global tech corporation FPT affirms its position as a world-class technology enabler for complex business challenges and opportunities with long-term goals defined for 2024 onwards. FPT aims to achieve USD 5 billion in revenue from global IT services in 2030 and reach billion-dollar milestones from a single market, a single vertical industry, and a single contract.

Vietnam’s FPT surpasses one billion USD in global IT services revenue

In a groundbreaking achievement, FPT, the Vietnam-headquartered global tech corporation, has become the first of its kind to exceed one billion USD in revenue from global IT services in the year 2023. This milestone not only underscores FPT’s remarkable journey but also highlights Vietnam’s growing prominence as a destination for global businesses.

Evolution from simple applications to comprehensive solutions

FPT’s journey began in 1999 with the establishment of its subsidiary, FPT Software. Over the years, the company has transformed itself from a developer of simple applications into a provider of core IT services for its clients. FPT’s evolution has taken it from being a services provider to a comprehensive solution provider, advancing further in the technology value chain. Today, its offerings encompass digital transformation and legacy modernization, positioning it as a formidable player in the global tech industry.

Ambitious goals for the future

Looking ahead, FPT has set ambitious long-term goals for itself. The company aims to achieve USD 5 billion in revenue from global IT services by 2030, a testament to its commitment to growth and excellence. FPT also aspires to reach billion-dollar milestones from a single market, a single vertical industry, and a single contract, signaling its intent to continue pushing the boundaries of what is possible in the tech industry.

Leveraging strengths for success

To accomplish its future goals, FPT plans to leverage its strengths. These include technical expertise, industry know-how, a pool of skilled IT talents, and the growing prominence of its home country, Vietnam. FPT’s Chairman, Dr. Truong Gia Binh, expressed his optimism about the future, emphasizing the importance of semiconductors and artificial intelligence (AI) in shaping both Vietnam and the world’s destiny.

World-class people for world-class stature

FPT Software Chairwoman, Chu Thi Thanh Ha, believes that achieving world-class stature requires world-class people. Over the past 25 years, the company has focused on fostering a culture of teamwork, continuous learning, and a positive work environment. Looking forward, FPT Software is committed to nurturing technology, creativity, domain expertise, and embracing cultural diversity among its 30,000 talented employees. This approach is essential to meet the growing market demand and adhere to global standards.

High-quality global IT workforce

FPT Software CEO Pham Minh Tuan emphasized that as a world-class company, FPT Software is well-positioned to support clients in projects worth millions or billions of dollars. The company is committed to developing its high-quality global IT workforce to better serve businesses in high-growth fields such as automotive, healthcare, insurance, supply chain, finance, and utilities. Moreover, FPT Software intends to embed AI into all its services and solutions to enhance agility, productivity, quality, and accelerate delivery for clients worldwide.

Proven success in fast-growing fields

With a track record of success and extensive experience, FPT has established itself as a trusted partner driving advancements in fast-growing fields. In 2023, FPT became one of three companies in Southeast Asia to join SAP’s Regional Strategic Services Partner (RSSP) in the Asia Pacific and Japan region. FPT’s expertise extends to automotive software, where it has built a strong team of over 4,000 engineers and experts, serving more than 150 clients, including global giants like Honda, Hyundai, Volvo, VinFast, Ford, Yazaki, LG, Panasonic, and NXP.

Expansion into the united states

December 2023 marked a significant milestone for FPT as it officially launched its subsidiary, FPT Automotive, in the United States. This expansion comes after maintaining a growth rate of 40% in recent years as a unit under FPT Software, contributing significantly to achieving one billion USD in revenue from the global IT services segment.

About FPT corporation and FPT software

FPT Corporation is a global technology corporation and a leader in consulting, providing, and deploying technology and telecommunications services and solutions.

FPT Software, a subsidiary of FPT Corporation, is a global technology and IT services provider headquartered in Vietnam, with $1 billion in revenue (2023) and over 30,000 employees in 30 countries.

The company champions complex business opportunities and challenges with its world-class services in Advanced Analytics, AI, Digital Platforms, Cloud, Hyperautomation, IoT, Low-code, and more. FPT Software has partnered with over 1,000 clients worldwide, including 91 Fortune Global 500 companies in Aviation, Automotive, Banking, Financial Services and Insurance, Healthcare, Logistics, Manufacturing, Utilities, and other industries.

FPT’s remarkable journey and its recent achievement of surpassing one billion USD in global IT services revenue in 2023 showcase its commitment to becoming a world-class technology enabler. With ambitious goals for the future and a strong foundation built on technical expertise and talented individuals, FPT is well-poised to continue its growth trajectory and make a significant impact on the global tech industry. Its focus on innovation, AI integration, and expansion into new markets position FPT as a key player in shaping the digital landscape of the future.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Glory Kaburu

Glory is an extremely knowledgeable journalist proficient with AI tools and research. She is passionate about AI and has authored several articles on the subject. She keeps herself abreast of the latest developments in Artificial Intelligence, Machine Learning, and Deep Learning and writes about them regularly.

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