Global IT firm FPT Corporation has been ranked among Asia’s 40 IT services companies and 140 globally by revenue, in the Gartner® Market Share: Services, Worldwide, 2024.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250519356706/en/
According to Gartner® Market Share: Services, Worldwide (Accessible to Gartner clients only) report, FPT generated over USD 1.4 billion in revenue from its technology sector in 2024. The Corporation now ranks 40th in Asia, up 6 places from the previous year. In the global league, FPT also changed 18 positions to 139th.
In 2024, FPT achieved a total revenue of USD 2.47 billion from its primary sectors, including technology, telecommunications, and education, reflecting a growth rate of 19.4% year-on-year. The technology sector accounted for 62.2% of the Corporation’s total revenue and 47.2% of its pre-tax profit.
FPT's IT services for foreign market saw revenue surge 27.4% year-over-year and contributed 79.1% of technology revenue and 91.2% of pre-tax profit in the segment. This increase was largely fueled by the global surge in demand for digital transformation, which remained one of FPT's most popular services worldwide, with a 37.6% year-on-year revenue growth. The Japanese market experienced the highest growth, exceeding the USD 500 million revenue mark in 2024, followed by the Asia-Pacific region with a 34.8% growth. FPT secured several landmark projects globally, including deals worth USD 225 million in the United States, USD 115 million in Germany, and USD 110 million in Singapore.
“In 2024, we unveiled our strategic focus on Artificial Intelligence, Semiconductors, Automotive, Digital Transformation (DX), and Green Transformation, with AI as the cornerstone. Moving forward into 2025 and beyond, FPT will steadfastly leverage opportunities within these five key areas to enhance our capabilities, solidify our reputation as a globally trusted and prestigious technology partner, and elevate Vietnam's status as a premier destination for smart digital transformation, AI, and semiconductors,” stated Dr Truong Gia Binh, FPT Chairman.
FPT Chairman also affirmed the Corporation’s continued focus on AI, highlighting its vision to develop one million AI Agents to serve as digital assistants for individuals and customers alike, boosting productivity and efficiency. To realize this goal, AI will be integrated across all products and services developed by FPT.
FPT has set ambitious 2025 targets, aiming for 20% revenue growth and a 21% increase in pre-tax profit. AI integration and sector-wide expansion will remain at the heart of its strategy as the company continues to scale its global impact and solidify its position as a leading digital transformation provider.
In the first quarter of 2025, FPT recorded a 13.9% increase in revenue and a 19.4% rise in profit before tax, reflecting continued business momentum. The technology sector grew by 15.3% year-on-year, fueled by strong performance in global IT services, which saw a 17% revenue increase. During this period, FPT secured nine large-scale contracts, each valued at over USD 10 million. Looking ahead, FPT remains committed to its long-term vision of reaching USD 5 billion in global IT services revenue by 2030, solidifying its stature as a world-class provider of technology solutions.
Gartner, Market Share: Services, Worldwide, 2024, Neha Sethi, Sid Nag, 11 April 2025
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About FPT
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organisations worldwide. Committed to elevating Vietnam’s position on the global tech map and delivering world-class solutions for global enterprises, the Corporation focuses on five strategic areas: Artificial Intelligence, Automotive, Semiconductor, Digital Transformation, and Green Transformation. In 2024, FPT reported a total revenue of USD 2.47 billion and a workforce of over 54,000 employees across its core businesses. For more information about FPT's global IT services, please visit https://fptsoftware.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250519356706/en/
