Edison Investment Research - GFT Technologies AG (GFT) QuickView: Consulting and IT services for banks

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Edison Investment Research

QuickView: Consulting and IT services for banks

GFT is building a global IT services and consulting business, focused on the growing opportunity in the financial services sector. It is diversifying geographically and broadening its customer base, and we estimate that two-thirds of revenues are recurring in nature. GFT benefits from high levels of IT spending and complex business requirements in the financial services industry and favourable outsourcing trends in banking. Q2 performance was strong, resulting in 23% organic growth in H1. Noting the strong FY16 pipeline, we upgraded our EPS forecasts by 11% in FY16 and 7% in FY17. Trading on c 19x our FY17e EPS, the stock continues to look attractive on strong earnings momentum and attractive business drivers.

09/11/2015 2 EN

Underlying

GFT Technologies AG

GFT Technologies is a provider of Information Technology (IT) services for the finance sector. Co. is engaged in the development, implementation and maintenance of IT solutions for the finance sector. Its services include advising financial institutes on the development and realization of company-wide IT strategies, the implementation and maintenance of bank-specific standard software, and the development of applications tailored to specific clients and sectors, and it focuses on the maintenance and further development of business-critical core processes. With the aid of its Global Delivery Model, this division supplies its range of solutions to the core markets of Europe and the Americas.

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DE0005800601 Germany

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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QuickView: Consulting and IT services for banks

EQS-News: GFT beschließt Rückkauf eigener Aktien im Wert von bis zu 15 Mio. Euro

EQS-News: GFT decides to buy back up to EUR 15 million worth of own shares

EQS-News: GFT achieves FY 2024 guidance with 10 percent revenue growth and unveils new five-year strategy and mid-term targets

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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