FPT Corporation announced that in the first quarter of 2024, it achieved revenue of VND 14,093 billion and pre-tax profit of VND 2,534 billion, up 20.6% and 19.5% respectively over the same period last year. Profit after tax for shareholders of the parent company reached VND 1,798 billion, up 20.4%, EPS (Earning Per Share) reached VND 1,416/share, up 19.7% over the previous year.
In particular, the technology sector (including domestic IT services and foreign IT services) continues to play a key role, contributing 60% of the group's revenue and 45% of its pre-tax profit. Specifically, the technology sector's revenue reached VND8,472 billion and pre-tax profit VND1,155 billion, up 23.8% and 27.5% respectively over the same period last year.
In the first quarter of 2024, FPT recorded many large orders from foreign markets.
In particular, revenue from overseas IT services increased by 28.4%, reaching VND 6,999 billion and pre-tax profit reached VND 1,115 billion, up 25.5% over the same period last year. Notably, FPT continuously won bids for 15 large projects (over 5 million USD each) in the first 3 months of 2024, mainly in the Japanese and Asia- Pacific markets. Key markets all maintained high growth momentum. Especially in the Japanese market, despite the devaluation of the Japanese yen, FPT still maintained a high growth momentum of 44.2% over the same period. This growth comes from the large demand for spending on information technology, especially spending on digital transformation.
Digital transformation revenue from foreign markets in the first quarter of this year reached VND2,956 billion, up 36% year-on-year, focusing on new technologies such as Cloud, AI/Data Analytics... In addition, the domestic IT service segment recorded revenue of VND1,472 billion (up 4.6% year-on-year) and pre-tax profit of VND41 billion (up 130.1% year-on-year). In addition, telecommunications services recorded revenue of VND3,885 billion, up 5.1% and pre-tax profit of VND805 billion, up 11.4%...
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