Software outsourcing companies recorded high revenue growth in the firstquarter of this year and expected to maintain this momentum in thecoming months based on the contracts they have won for the entire year,the Saigon Times Daily reported.
Tran Phuc Hong, managingdirector of TMA Solutions, forecast the software outsourcing marketwould maintain stable growth towards the year-end as most of thecontracts had been secured in the year to date.
“TMA’s revenuerose by around 20% in the first quarter against last year’s same period.We have signed contracts for the entire year,” Hong said.
Similarly,Global CyberSoft won many outsourcing contracts from the Japanese andNorth American markets in the first three months of this year and thishelped the company register strong growth of some 25%, said deputygeneral director Ngo Van Toan.
On the optimistic side, Chu TienDung, Chairman of the Ho Chi Minh City Computer Association and Chairmanof Quang Trung Software City Development Company, said the majormarkets for local software outsourcing firms in the period includedJapan, North America and Europe.
In January-March, enterprises atQuang Trung Software City posted a year-on-year revenue increase of 34%to 678.1 billion VND, with exports up 37.4% to 16.82 million USD. Thesefirms outsourced software products for 20 markets, including the UnitedStates, Japan and Europe.
“The current demand for newtechnologies, including cloud computing, mobility and big data, isforecast to surge this year and is opening many opportunities forenterprises to increase earnings. However, enterprises are encountering alack of programmers,” Dung said.
This challenge was alsomentioned by Toan at a recent conference held by the Ho Chi Minh CityComputer Association that that software companies were thirsting foremployees as the number of outsourcing orders had kept growing sincelast year.
Statistics of the association showed enterprises in HoChi Minh City needed around 80,000 information technology employeeswhile schools can meet only 20% of the demand. Moreover, the quality ofnew graduates has yet to meet the requirements of employers with onlyten of every 100 engineers having necessary skills.-VNA
Tran Phuc Hong, managingdirector of TMA Solutions, forecast the software outsourcing marketwould maintain stable growth towards the year-end as most of thecontracts had been secured in the year to date.
“TMA’s revenuerose by around 20% in the first quarter against last year’s same period.We have signed contracts for the entire year,” Hong said.
Similarly,Global CyberSoft won many outsourcing contracts from the Japanese andNorth American markets in the first three months of this year and thishelped the company register strong growth of some 25%, said deputygeneral director Ngo Van Toan.
On the optimistic side, Chu TienDung, Chairman of the Ho Chi Minh City Computer Association and Chairmanof Quang Trung Software City Development Company, said the majormarkets for local software outsourcing firms in the period includedJapan, North America and Europe.
In January-March, enterprises atQuang Trung Software City posted a year-on-year revenue increase of 34%to 678.1 billion VND, with exports up 37.4% to 16.82 million USD. Thesefirms outsourced software products for 20 markets, including the UnitedStates, Japan and Europe.
“The current demand for newtechnologies, including cloud computing, mobility and big data, isforecast to surge this year and is opening many opportunities forenterprises to increase earnings. However, enterprises are encountering alack of programmers,” Dung said.
This challenge was alsomentioned by Toan at a recent conference held by the Ho Chi Minh CityComputer Association that that software companies were thirsting foremployees as the number of outsourcing orders had kept growing sincelast year.
Statistics of the association showed enterprises in HoChi Minh City needed around 80,000 information technology employeeswhile schools can meet only 20% of the demand. Moreover, the quality ofnew graduates has yet to meet the requirements of employers with onlyten of every 100 engineers having necessary skills.-VNA
