3 months of 2023, FPT recorded revenue up by 20.1% and profit before tax up 19.2%
3 months of 2023, FPT recorded revenue of VND 11,681 billion, profit before tax of VND 2,121 billion, up by 20.1% and 19.2% respectively over the same period last year. EPS (Earning Per Share) reached VND 1,361/share, increased by 19.8% compared to the previous year, showing the relentless efforts of the leaders and staff of FPT Corporation to create shareholder value and ensure the interests of shareholders and related parties.
Global IT Services witnessed robust growth of over 30%
Technology sector (including Domestic IT Services and Global IT Services) continues to play a key role, contributing 59% of revenue and 43% of pre-tax profit of FPT Corporation, equivalent to VND 6,843 billion (+21.3%) and 906 (+19.5%) billion VND respectively.
Global IT Service revenue reached VND 5,435 billion, up by 32.2%, profit before tax reached VND 889 billion, up by 33.2% over the same period last year. Notably, revenue grew in all markets, especially in Japan (up by 31.2% YoY) and Asia - Pacific (up by 65.7%), thanks to the rising demand for digital transformation. Digital transformation revenue reached VND 2,103 billion, an increase of 28% over the same period, affirming the ability to provide effective and comprehensive digital transformation services of the company.
Global IT Services recorded newly signed revenue of VND 10,165 billion, up by 44.1% over the same period. Thanks to the efforts to invest in human resources, technology capabilities and expand the presence in 29 countries around the world, the number of clients contributing more than 1 million USD in revenue reached 48 clients, an increase of 54.8 % over the same period. In April, FPT just opened a Software Strategy Center in Nanning City to promote the development and supply of high-end technology solutions in the field of Automotive Technology and Semiconductor Manufacturing in China and around the world, and at the same time develop new customer portfolio in different fields such as finance - banking, healthcare.
Domestic IT services segment showed a recovery compared to the first 2 months of the year, reaching revenue and pre-tax profit of VND 1,407 billion and VND 18 billion, respectively, down 8% and 80.6% over the same period. The domestic market faced short-term difficulties in Q1 due to a decrease in demand for IT investment from the local enterprises. The company continues to promote cooperation with the government sectors, foreign businesses and other resilient economic sectors to ensure growth. In the first quarter of 2023, FPT has successfully deployed the Information System to settle administrative procedures for Hanoi and the Investment Promotion Portal for Khanh Hoa province.
Telecommunication and Education sector continue to achieve sustainable growth
Telecommunications sector revenue grew by 9.2% over the same period last year, reaching VND 3,790 billion; PBT increased by 3.2%, reaching VND 724 billion. The slower growth in profit-before-tax is mainly caused by the decreased demand for Online Advertising
The strong demand for education in the IT industry has contributed to boosting FPT's Education revenue by 47% compared to the same period last year, reaching VND 1,412 billion.