Group opens new development center in Cebu.
FPT Software has continued to enhance its presence in Asia with the establishment of a new development center in Cebu, the Philippines. Opened on May 29 the new center will help to fulfill the company’s continuous growth and global strategy of having IT resources of 30,000 employees by 2020.
FPT Software in Philippines aims to add 150 software engineers to the company’s resource pool by the end of the year. The Philippines is considered a promising destination for the software industry due to the large number of IT and engineering graduates as well as employees in the business process outsourcing - IT - knowledge process outsourcing (BPO-IT-KPO) sector with a good command of English and high productivity, together with efficient support from the government and favorable conditions regarding IT infrastructure.
Along with the Philippines, FPT Software is also introducing a new development center in Myanmar, which is expected to open this month. The new centers will enable FPT Software to better meet the growing global demand for software.
In 2014 FPT Software earned revenues of VND2.9 trillion ($135 million), an increase of 35 per cent compared to 2013. In the first four months of this year its strong growth continued, with a 52 per cent increase in revenues year-on-year, reaching nearly $50 million.