Gofore’s revenue in Q1 was quite good, and the company itself at least believes in the remainder of the year.
EBITA was EUR 6.8 million, exceeding analysts’ forecasts. This corresponds to a strong EBITA margin of 13.8% given the circumstances and is among the highest in the sector.
The company has successfully reduced overhead costs better than expected. It manages profitability well.
When the economy starts to improve overall, Gofore is likely to be among the winners. However, many say the stock is expensive… are the expectations too high? 