Here are Joni’s comments on Gofore’s May performance. ![]()
Gofore published its May business review on Friday. The company’s revenue grew by 23% year-on-year to EUR 19.1 million, which was fully in line with our expectations. Growth continued to be supported by acquisitions, similar to the beginning of the year. Adjusted for working days and organically, we estimate that revenue was still slightly growing, which we consider to be the right direction. Based on our understanding, there has been “desired” employee turnover, which improves the talent profile and profitability. However, we consider the most interesting takeaway from the review to be the significant new customer wins, particularly in the strategically important DACH region, as well as the progress of AI projects. As the figures were well in line with our expectations, the review does not cause any significant changes to our forecasts.