GFT Q2 earnings acceleration

GFT Technologies SE reported strong Q2 2026 results, with sales growing 6.1% year-over-year to EUR 233 million, accelerating from Q1's 3.4% growth. Adjusted EBIT rose 9.9% to EUR 16.5 million, with a margin of 7.1%. Growth was driven by the Americas and APAC, up 16% to EUR 123 million, particularly in Brazil and Colombia, while European Union — Europe declined 3% to EUR 110 million. The order backlog increased 18% to EUR 484 million, supported by multi-year SAP contracts and six new next-gen core banking projects. Management confirmed FY26 guidance of approximately EUR 930 million sales and EUR 71 million adjusted EBIT. NuWays AG reiterated a BUY rating with a EUR 32 target price, citing accelerating growth, margin expansion, and improving client sentiment. Peer results from Sopra Steria and Capgemini indicated improving banking IT budgets, while sector M&A, including Persistent Systems' acquisition of Nagarro and Vinci — VINCI Energies' acquisition of All for One Group SE, highlighted the sector's attractiveness.