CMC's Global Business profit strongly grows by 37%
According to information from CMC, in the first 9 months of the fiscal year (March to December 2021), the corporation has respectively recorded an increase of 19%, 13% and 37% in net revenue (4,514.7 billion VND), gross profit (852.1 billion VND), and profit before tax (311 billion VND) compared to the same period of last year, In which, revenue from digital transformation consultation projects accounts for 30%. Telecommunications, Technology and Solution, and Global Business all have impressive growth rates. The corporation expects that in fiscal year 2021, the consolidated revenue will be 6,909 billion VND and profit before tax will be approximately 490 billion VND, increased by 22% and 46% compared to the same period of last year, respectively.
Strong development of Global Business
Among the three business pillars of CMC (Telecommunications, Technology and Solution, and Global Business), the Global Business department saw an increase of 185% in revenue compared to the same period of 2020. Thanks to its appropriate strategic orientation, CMC is trusted by foreign partners. Established in 2017, to date, CMC Global's average growth rate is doubled every year. Starting with only 50 employees, the company now has about 2,000 employees.
"CMC Global operates in English-speaking markets and gains a lot of success thanks to its quick adaptation to market fluctuations due to the pandemic. In recent years, technology development and the efforts for commercial cooperation between countries have contributed a lot to helping Vietnamese enterprises like CMC Global to be more confident and stronger when conducting business in other countries," said Mr. Le Thanh Son, Vice Senior President/CFO of CMC.
In South Korea, CMC closely cooperates with one of the country’s leading technology firm that applies new technologies like AI, Big Data and IoT to meet the needs of customers.
CMC Cloud - the cloud computing solution to lead the market
In addition to penetrating foreign markets, CMC Corporation also constantly improves its technology capacity to maintain its leading position in Vietnam. Especially, the cloud computing capacity of the corporation is considered as on the top of the market, with services including: consultation, deployment and administration. CMC Cloud - the Made by CMC cloud computing infrastructure is at the core of the digital infrastructure COPE2N to provide digital transformation services to enterprises and organizations, especially SMEs. Especially, CMC provides Multi Cloud solution including Private Cloud (exclusive cloud computing solution for organizations) and Private Cloud (cloud computing model with IT services distributed via the Internet). CMC Cloud is also honored in the top 10 best Make in Vietnam digital platforms.
The corporation's cloud computing capacity is on the top of the market, with services including: consultation, deployment and administration.
After the first 9 months of fiscal year 2021 (as of the end of December 31, 2021), CMC's Technology and Solution department has recorded an increase of 8% in revenue and 15% in profit before tax compared to the same period of last year. Revenue of Telecommunications department also increased by 13% compared to the same period of 2020. Among which, core services like Data, Data Center and Voice all have good growth. "All three business fields of CMC, namely: Telecommunications, Technology and Solution, and Global Business have firmly moved forward despite the difficulties of the domestic market.
We are still able to have high growth rate and many leading digital products and services in the market, which are highly appreciated by domestic and international customers as well as honored with prestigious awards. To date, CMC has nearly 4,200 high-quality employees, and the number is increased by 200 on average each month," said Mr. Nguyen Trung Chinh - Chairman of BOD/Executive President of CMC. 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 carry out their digital transformation, thus contribute to shaping the new cloud computing (Cloud) and SaaS (service software) market and being at the top of the cyber security market. In international market, CMC aims to become a leading IT service provider in Asia and later expand to other countries in the US and Europe.
In addition to revenue strategy, CMC also invests in research and development. Currently, CMC Institute of Science and Technology (CIST) is building an ecosystem of interactive technology products in five areas: Internet of Things/Smart Devices, Bigdata, artificial intelligence (AI), Data Lake, and Blockchain - Security.