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SENASTE
Gofore's December sales data were very strong, with reported sales beating our estimate by 12% and organic sales growth at roughly 28%. Looking at the full Q4 data, we note stress that the annualised sales per employee increased 9% y/y, indicating very high billing rates. Based on the monthly sales data, we conclude that Gofore continues to win market share and the sales per employee also indicates a strong margin development.
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