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Gofore: Double-digit organic growth continues in October - SEB

Gofore reported October work-day adjusted growth well in line with our Q4 estimates. We note that the company’s daily sales per FTE increased by 6% from previous year, which we believe is enough to offset salary inflation. Gofore also announced three new major deals totaling EUR 6.6m. All in all, a monthly report that is very well in line with our fresh estimates for the company (coverage initiated last Friday).

Gofore reported October work-day adjusted growth well in line with our Q4 estimates. We note that the company’s daily sales per FTE increased by 6% from previous year, which we believe is enough to offset salary inflation. Gofore also announced three new major deals totaling EUR 6.6m. All in all, a monthly report that is very well in line with our fresh estimates for the company (coverage initiated last Friday).
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