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FPT Software targets 1 billion USD in revenue in 2020

FPT Software aims to earn 1 billion USD in revenue, employ 30,000 workers, and join more software outsourcing markets in 2015.
FPT Software aims to earn 1 billion USD in revenue, employ 30,000 workers, and join more software outsourcing markets in 2015.

Thefirm will boost development strategies in main markets, such as developsolutions and services based on modern technology in the United Statesand train 10,000 engineers for the Japanese market, Nguyen Thanh Lam,General Director of the firm, told a recent conference in Hanoi tosummarise the company's activities in 2014.

Lam pointed out thatin the period 2004-2013, FPT Software's average growth rates in revenueand human resources were 49 percent and 43 percent respectively.

In2013, its revenue rose to a record 100 million USD, and the enterpriseaimed to earn 130 million USD and have 6,500 employees in the followingyear. In fact, its revenue increased by 35 percent to touch 138 millionUSD in 2014. The firm had more than 7,000 employees, with nearly 1,000people working in its 19 offices in nine countries.

FPT Softwarealso won bids in important markets such as the United States, EuropeanUnion and Japan last year. In the United States, the Vietnamese companycontinued its cooperation with DIRECTV, an American direct-broadcastsatellite service provider. FPT Software is in charge of developingadvanced technologies for broadcasting services that DIRECTV provides ona global scale.

In 2014 alone, the American market broughtnearly 40 million USD for FPT Software, with a growth rate of 39percent. Its revenue in the European Union reached nearly 20 millionUSD, with a significant growth rate of 117 percent. Japan alonecontributed half of the firm's total revenue.-VNA

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