Tuesday , November 29 2022

FPT posts 28% profit growth in nine months

Tech giant FPT saw its post-tax profit in the first nine months surge 28.3% year-on-year to VND4.86 trillion ($198.21 million).

Its revenue went up 24.1% to VND30.97 trillion.

The company secured many deals in foreign countries in the period, with 18 projects valued over $5 million.

It recorded large revenue growth in Asia and the Pacific (56.4%), the U.S. (42.4%), and Japan (12%).

It recently became a strategic shareholder of LTS Inc, a Japanese business consultancy with 20 years of experience.

FPT Corporation Chairman Truong Gia Binh said the cooperation will help FPT and LTS Inc. compete with global consulting giants.

Established in 2005, FPT Japan has 2,000 employees and expects to double the headcount by 2025.

It also targets becoming one of Japan’s top 20 IT services companies by 2025 and revenues of $1 billion by 2027.

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