Here are Joni’s comments on Gofore’s August ![]()
On Friday, Gofore released its August business review. Driven by acquisitions, the company’s revenue grew by 31% to EUR 19.3 million, which fell slightly short of our EUR 20.4 million forecast. However, organic growth was 4%, which we consider a quite good performance in the current challenging market environment. As usual, the company reported winning new contracts, which this time strengthen the order book in the public and infrastructure sectors. August’s revenue, which fell slightly short of our expectations, and the higher-than-expected headcount—which is not yet fully reflected in the FTE figures—largely net each other out in our forecasts. Our recently published comprehensive report on the company remains very relevant and can be read here.