Software group posts double-digit revenue and earnings growth
Group revenue up 10 percent compared to first quarter of 2022
Strongly improved Group earnings: adjusted EBIT +17 percent, EBT +12 percent
Diversification across sectors and clients continued: Insurance sector +4 percent, Industry & Others +24 percent; core market Banking with further growth: +10 percent
Guidance for 2023 confirmed: revenue of EUR 850 million, adjusted EBIT of EUR 80 million and EBT of EUR 72 million expected
GFT revenue in the U.S. grew by 62 percent.
STUTTGART, Germany & NEW YORK–(BUSINESS WIRE)–GFT Technologies SE (GFT) continues to grow. With revenue growth of 10 percent, the software group once again outpaced the market in the first quarter of 2023. Adjusted EBIT rose by 17 percent and EBT by 12 percent compared to the same period last year.
GFT confirms guidance for 2023
“Our growth remains stable and we can confirm our guidance for 2023,” says Marika Lulay, CEO of GFT. “Although the
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