on GFT Technologies AG (ETR:GFT)
GFT Technologies SE: Positive Q1 2026 Performance Fuels Optimism
GFT Technologies SE has delivered a strong performance in Q1 2026, aligning closely with market expectations. The company's adjusted revenues rose by 5% year-on-year to €230m, with an adjusted EBIT increase of 7% to €16.1m. The margin improved slightly, indicating a positive operational shift.
The company's order backlog grew significantly by 11% year-on-year to €512m, showcasing rising demand in financial services. Utilization rates also improved slightly to 92.2%. Regionally, the Americas and APAC outperformed with 12% growth, driven by strong performances in Brazil and Colombia.
The UK division displayed notable recovery with improved EBIT, aided by a new governance model. The strategic focus on AI through the expanded Wynxx Agentic AI platform and significant contract wins illustrates GFT's continued innovation.
With confirmed guidance for FY26 and improved revenue visibility, GFT maintains confidence in achieving its financial targets, supported by industry-wide improvements seen in peers like Cognizant and Capgemini.
R. P.
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