GFT (GFT)

Business description

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

Consulting and IT services for banks

Update | Technology | 10/11/2016

GFT is building a global IT services and consulting business, focused on the growing opportunity in the financial services sector. It is diversifying geographically and broadening its customer base, and we estimate that two-thirds of revenues are recurring in nature. GFT benefits from high levels of IT spending, complex business requirements in the financial services industry and favourable outsourcing trends in banking. Revenue growth picked up in Q2, despite the challenging banking sector backdrop, as strong demand for digitisation projects in the commercial banking sector in Europe outweighed project deferrals in the Anglo Saxon investment banking markets (though we note this sector needs to invest in IT to remain competitive). Trading on c 12x our FY18e EPS, the stock looks attractive on strong earnings momentum and attractive business drivers.

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Company news

GFT

Tue, 21 Nov 2017 13:18:45 GMT

GFT

Mon, 20 Nov 2017 12:56:15 GMT

GFT

Thu, 17 Nov 2016 09:00:00 GMT

GFT

Fri, 23 Sep 2016 04:02:20 GMT

GFT

Tue, 03 Oct 2017 12:56:15 GMT