GFT (GFT)

Business description

GFT is a global technology services and recruitment business primarily focused on banks and insurance companies.

GFT solutions business grew at 23% in Q1

Update | Technology | 26/05/2015

The strong growth momentum continued into Q1, with the core GFT solutions business growing 23% organically, compared with 24% y-o-y in FY14. GFT is seeing ongoing strong demand from its core customer base driven by rising compliance requirements and digitisation in banking. While management has maintained its guidance, we see an increasing likelihood of upgrades as the year progresses. Hence, we have nudged up our FY16 and FY17 revenues while our EPS forecasts rise in each year from FY15-17. In our view, the valuation continues to look attractive at c 17x our FY16e earnings if management can sustain the growth momentum.

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Company news

GFT Technologies

Thu, 21 Sep 2017 09:22:30 GMT

GFT Technologies

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