BRIEF

on GFT Technologies AG (isin : DE0005800601)

GFT Technologies Reports 11% Revenue Growth in H1 2024

Stock price chart of GFT Technologies AG (EBR:GFT) showing fluctuations.

GFT Technologies SE announced robust growth for the first half of 2024, achieving an 11% increase in revenue to EUR 429.63 million, despite market challenges. Adjusted EBIT rose by 15% to EUR 35.73 million. This growth was driven by the banking sector and the integration of acquisitions like Sophos Solutions.

Geographically, GFT saw strong performance in Continental Europe and Brazil. However, the Anglo-Saxon markets experienced weakness. The company's AI and data solutions continue to attract interest, contributing to recurring revenue increases.

Looking forward, GFT has slightly adjusted its 2024 outlook, anticipating 12% growth in revenue and adjusted EBIT. The integration of recent acquisitions is on track, and demand for AI solutions remains a significant growth driver.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all GFT Technologies AG news