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Gofore: February sales and FTE data broadly in line - SEB

Gofore posted another solid monthly sales report broadly in line with our expectations. We calculate that organic growth remained around 30% in February. Noteworthy that Gofore is starting to prepare to adapt its recruitment pace to customer demand. We find this proactive move expected as we have forecasted the organic growth pace to slow down materially towards the year end. Thus, our read on February data release is neutral.

Gofore posted another solid monthly sales report broadly in line with our expectations. We calculate that organic growth remained around 30% in February. Noteworthy that Gofore is starting to prepare to adapt its recruitment pace to customer demand. We find this proactive move expected as we have forecasted the organic growth pace to slow down materially towards the year end. Thus, our read on February data release is neutral.
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