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CMC grew 30% after Q3
http://vietnamnews.vn/ - 1/25/2018 9:44:31 AM
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CMC Corporation, a leading Vietnamese ICT group, reached a total revenue of more than VNĐ4.17 trillion (US$183 million) in the first nine months of the fiscal year 2017.
 
This was a year-on-year increase of 16 per cent and fulfilled 113 per cent of the cumulative projection.
 
In particular, the total pre-tax profit of the group reached VNĐ220 billion, up 30 per cent compared to the same period last year, and completed 126 per cent of the cumulative plan.
 
The growth rate of CMC Group in the first nine months of the fiscal year was contributed mainly by two core areas, including technology and telecommunications.
 
Particularly, the technology sector gained more than VNĐ3.042 trillion of turnover, up 17 per cent over the same period, and reached VNĐ83 billion pre-tax profit, up 14 per cent against the same period.
 
Telecommunications reached over VNĐ1.06 trillion of revenue and VNĐ128 billion of pre-tax profit, up 13 per cent and 41 per cent over the same period, respectively.
 
In addition, in the third quarter, the long-term strategic investment activities of CMC also showed positive signals. 
 
In the field of system integration, CMC promoted the development of Cloud and Security. The launch of the first Operations Centre Security (SOC) integrating artificial intelligence and automation technology in Việt Nam demonstrates a consistent investment and the group’s readiness to apply and develop the latest technology in the digital era.
 
As regards to software and information technology services, CMC has implemented the "Go Global" strategy to expand into the international market (CMC Global, CMC Japan), meanwhile building a software development centre in HCM City.
 
The telecommunications sector also showed strong growth by launching the Cross Việt Nam Cable System (CVCS), which is the only system in Việt Nam directly connecting the Southeast Asia grid. With a total length of more than 2,500km, the cable system passes through 19 provinces and cities in the country from the northern Lạng Sơn Province to the southern Tây Ninh Province. The system has a total investment of VNĐ500 billion.
 
Also in the third quarter, CMC opened the third data centre in Hà Nội applying Payment Card Industry DataSecurity Standard (PCI DSS) security standards. The fourth data centre in HCM City is scheduled for February 2018.
 
CMC Group is expected to reach a total revenue of VNĐ5.4 trillion in the fiscal year 2017, up 13 per cent over the same period, and fulfilling 111 per cent of the year’s plan. The pre-tax profit is expected to hit VNĐ280 billion, a year-on-year increase of 31 per cent, and fulfill 117 per cent of the plan. — VNS
 
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