CMC grows strongly in the first six months of fiscal year 2022 with profit increased by 29%
Specifically, in the first 6 months of the fiscal year, CMC’s net revenue is 3,887 billion VND, increased by 35% YoY; profit before tax is 256 billion VND, increased by 29% YoY and fulfilling 147% of the plan for the first 6 months.
"In the first 6 months of fiscal year 2022, CMC's business areas have made solid progress despite the extremely difficult domestic market. We are still able to grow strongly and many products and services at the top of the market, which are highly appreciated by domestic and international customers as well as honored with prestigious awards. Up to now, CMC has over 5,400 high-quality employees, and this number is still growing," said Mr. Nguyen Trung Chinh - Chairman of Board of Directors, Executive President of CMC.
Business segments all have revenue growth
International Business (CMC Global, CMC Japan, CMC APAC) is currently the segment with the largest revenue and profit growth. In particular, revenue in the first 6 months of CMC Global is 641 billion VND, increased by 85% YoY and fulfilling 129% of the plan. CMC Global's profit in the first 6 months also increases by 90% YoY. Strategic markets, such as South Korea and APAC, are maintaining desirable growth.
Technology & Solutions segment (CMC TS, CMC Consulting) has a stable revenue growth at 37% and profit growth at 61%. In this segment, digital transformation consulting activities are remarkably effective, helping these companies to gradually become the leading Cloud management service providers in Vietnam. Services with a high technical content also maintain good growth.
"In the face of many difficulties and challenges of the market, we are determined to achieve our goals and help CMC TS grow stronger," said Mr. Pham Ngoc Bac, Deputy General Director of CMC TS.
For Digital Infrastructure segment (CMC Telecom, CMC Cyber Security), the growth rate of CMC Telecom 's core services alone in 6 months is 22%, fulfilling 100% of Big Moves plan. Along with the launch of Tan Thuan DC and the continuous expansion of DC at CMC Tower (11 Duy Tan), CMC Telecom has signed many contracts to sell DCs across the country. Since the beginning of fiscal year 2022, FSI has filled more than 100 racks. Especially, the participation of CMC Cyber Security in the Digital Infrastructure segment has helped with the introduction of Security services to the existing market, which leads to the conclusion of many purchase orders. With such impressive achievements, the revenue from Digital Infrastructure segment has grown by 21% in the first 6 months of fiscal year 2022.
"The results in the first 6 months of the year have confirmed the initial success of shifting from telecommunications infrastructure to digital infrastructure with 5 spearhead services: Data Center, Cloud, Connectivity, Cyber Security and Managed Services. CMC Telecom will continue to invest in high-quality human resources and the most modern and secure digital infrastructure in Vietnam to offer the best values and experience to its customers" - Mr. Dang Tung Son, DCEO/CMO of CMC Telecom emphasized.
Research and Education segment (CMC University and CMC Institute of Applied Research) has achieved good results so far. This is evaluated not only by CMC Corporation but also by Ministry of Education and Training as well as related schools and agencies. In the first 6 months of fiscal year 2022, 345 students have been successfully admitted to the first intake at CMC University. Compared to other private universities in terms of both the number and quality (entrance examination result) of students, this is an outstanding achievement. It is expected that in the last 6 months of fiscal year 2022, CMC University will roll out joint training and research activities with domestic and international partners.
In the Research and Education segment, CMC ATI has also made changes in the first months of fiscal year 2022. The Institute has concluded big contracts, such as Vinmec phase 1, and is negotiating for Vinmec phase 2 as well as other contracts with TP Bank, TH Group, Nova Group and Coca Cola. In particular, CMC ATI in collaboration with CMC Global has introduced CIVAMS.FACE to the Asia Pacific (APAC) market through Expo Cloud in Singapore. Here, CIVAMS. FACE received the attention of partners not only in Singapore but also in the Philippines.
Business segments of CMC Corporation all have revenue growth.
Milestones, awards and titles affirming the position of CMC
In the first 6 months of fiscal year 2022, CMC has had many proud milestones associated with many prestigious titles and awards at home and abroad, which contribute to affirming the quality of products and services and enhancing the Corporation's position.
In the first 6 months of fiscal year 2022, CMC has had many proud milestones associated with many prestigious titles and awards at home and abroad.
In August 2022, the opening ceremony of CMC Tan Thuan Data Center - the most modern and secure data center in Vietnam and the region in District 7, Ho Chi Minh City was held with the participation of President Nguyen Xuan Phuc and leaders of central and local agencies.
President Nguyen Xuan Phuc and leaders of CMC Corporation, central and local agencies cut the ribbon to inaugurate CMC Tan Thuan Data Center.
CMC Tan Thuan Data Center is located in the central building, with a floor area of 12,000 m2 and approximately 3,000 m2 for IT equipment, with 1,200 racks. Its total design capacity is up to 12,000 kW and can support up to 3 million vCPUs. This is the first and only Data Center in Vietnam which is TVRA-certified and has Uptime Tier III certification for construction. As a neutral service provider, CMC Tan Thuan Data Center has international connection infrastructure similar to a Digital Hub in the Asia-Pacific region.
In September 2022, the cloud computing service of CMC TS was honored by Asian Business Review (based in Singapore) with Vietnam Technology Excellence Award for Cloud Services. CMC TS is currently one of the leading cloud computing service consultants and providers in Vietnam. CMC TS provides a comprehensive cloud transformation roadmap for businesses, including consulting, design, deployment, modernization of applications and Managed Services.
In October 2022, Mr. Nguyen Trung Chinh - Chairman of Board of Directors, Executive President of CMC Corporation was honored in the "Top 10 outstanding Vietnamese entrepreneurs 2022", thanks to his devotion and achievements with CMC, which have made practical contributions to the cause of building and developing the country's economy and society. The "Top 10 outstanding Vietnamese Entrepreneurs 2022" award is the recognition of the Government for the contributions and achievements of President Nguyen Trung Chinh as well as CMC Corporation in the cause of building and developing the country in the last 30 years. Right at the ceremony, the entrepreneurs also joined hands to build 212 solidarity houses with worth of 10.6 billion VND for poor households.
Mr. Nguyen Trung Chinh, Chairman of Board of Directors/Executive President of CMC Corporation is honored in "Top 10 outstanding Vietnamese entrepreneurs 2022”
In November 2022, CMC Cloud - the cloud computing platform developed by CMC Corporation has won the Vietnam Value 2022 award in the program hosted by Ministry of Industry and Trade. CMC is proud to be a pioneer in cloud computing technology, which is seen as one of the critical and core technologies of Industry 4.0. This is the foundation for the digital transformation of Vietnam to be faster and more efficient, thus bring useful values to customers and assist the digital transformation of millions of customers in Vietnam. The product is well loved and trusted by customers. CMC Cloud platform uses the open-source technology of Infrastructure as Code. This advanced technology is also used by Microsoft, AWS, IBM and Google.
Mr. Le Anh Vu - Creative Director of CMC Telecom receives the Vietnam Value 2022 award for CMC Cloud.
In the 2021-2025 period, the goal of CMC is becoming a global, world-class company with revenue of 1 billion USD and over 10,000 employees. CMC is consistent to its goal of being the leading digital transformation service provider in Vietnam to help domestic enterprises and organizations successfully complete their digital transformation, thus contribute to shaping the new Cloud and SaaS (service software) market and being at the top of the cyber security market.
In the international market, CMC aims to become a leading IT service provider in Asia and later expands to other countries in the US and Europe. In addition to revenue strategy, CMC also invests in research and development. Currently, CMC Applied Technology Institute (CMC ATI) has built an ecosystem of interactive technology products in five areas: Internet of Things/Smart Devices, Big Data, artificial intelligence (AI), Data Lake, and Blockchain - Security.