GFT Group produced another strong performance in Q2, to sustain 23% organic growth over H1. Following the disposal of its resourcing division, GFT is now an IT services pure-play focused on the financial services sector. The group’s adjusted operating margin rose to 10.0% in Q2 and we anticipate further margin expansion with revenue growth and profit recovery at Rule Financial. Noting management’s increased guidance and the strong pipeline for FY16, we have upgraded our EPS by for
20 Aug 2015
Organic growth sustained at 23% in Q2
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Organic growth sustained at 23% in Q2
GFT Group produced another strong performance in Q2, to sustain 23% organic growth over H1. Following the disposal of its resourcing division, GFT is now an IT services pure-play focused on the financial services sector. The group’s adjusted operating margin rose to 10.0% in Q2 and we anticipate further margin expansion with revenue growth and profit recovery at Rule Financial. Noting management’s increased guidance and the strong pipeline for FY16, we have upgraded our EPS by for