GFT says Q1 revenue rose 5% and profitability improved

By AI, Created 4:29 PM UTC, May 18, 2026, /AGP/ – GFT Technologies said first-quarter 2026 revenue rose 5% at constant currencies to EUR 229.5 million, while adjusted EBIT and EBT both improved. The company also said its Wynxx AI platform kept scaling, helping support a confirmed full-year 2026 outlook.

Why it matters: - GFT is showing that demand for AI-led modernization and cloud transformation is translating into revenue growth and better margins. - The company’s first-quarter results also suggest its Wynxx Agentic AI Platform is becoming a meaningful growth engine. - GFT confirmed its 2026 guidance despite a cautious macro environment and geopolitical uncertainty.

What happened: - GFT Technologies reported first-quarter 2026 revenue of EUR 229.5 million, up 3% year over year and up 5% at constant currencies. - Adjusted EBIT rose 7% to EUR 16.1 million. - Earnings before taxes increased 20% to EUR 12.0 million. - GFT said the results were in line with its full-year 2026 guidance. - The company said revenue growth came across all sectors and was supported by stronger performance in Brazil, Colombia, Spain and the U.S.

The details: - GFT said Wynxx was rolled out in 11 countries by the end of the quarter, up from eight countries at year-end 2025. - The platform had 105 enterprise clients at the end of the quarter, up from 92 clients at year-end 2025. - Influenced contract value for Wynxx exceeded EUR 104 million in the first quarter, up about 48%. - GFT said Wynxx helps enterprises accelerate large-scale software development and legacy modernization programs. - GFT secured an SAP contract worth more than EUR 18 million with a Tier-1 client in Brazil following the Megawork integration. - Google Cloud named GFT its 2026 Partner of the Year for “Infrastructure Modernization: Latin America.” - GFT also cited external recognition from IDC MarketScape, the AI Maturity Matrix and the QKS SPARK Matrix across cloud-native banking, digital banking transformation and insurance digital transformation. - Industry & Others revenue rose 15% year over year. - Insurance revenue increased 6%. - Banking revenue increased 1%. - Americas & APAC revenue rose 12% to EUR 117.4 million. - Brazil revenue grew 33%. - Colombia revenue grew 20%. - U.S. revenue was nearly stable in euro terms, but grew 8% at constant currencies. - Europe revenue fell 4% to EUR 111.9 million. - Spain revenue rose 9%. - Germany revenue fell 10%. - Italy revenue fell 1%. - The United Kingdom revenue fell 4%. - Adjusted EBIT margin improved to 7.0% from 6.8%. - EBT margin improved to 5.2% from 4.5%. - Profitability improved on higher personnel efficiency, lower office rental costs and reduced adverse currency effects. - GFT said lower capacity adjustments, tied partly to its ongoing transformation in the United Kingdom, also lifted EBT. - Order backlog was 11% higher year over year.

Between the lines: - The quarter points to a company trying to convert AI interest into repeatable contract value, not just pilot projects. - GFT’s strongest growth is coming from the Americas, while Europe remains uneven and more cautious. - The margin gains suggest GFT is getting more efficient even as it keeps investing in growth areas.

What’s next: - GFT expects constant-currency revenue growth of 5% for full-year 2026, or about EUR 930 million. - The company expects adjusted EBIT of about EUR 71 million, implying a 7.6% margin. - GFT expects EBT to rise 21% to about EUR 56 million, implying a 6% margin. - The company plans to keep expanding its portfolio of platform solutions and its operating model. - GFT also plans selective marketing and sales investment in strategically important growth markets. - Future momentum is expected from AI-native modernization, next-generation core banking, cloud transformation and data-driven business models.

The bottom line: - GFT’s first quarter shows a business growing modestly on revenue but more strongly on profitability, with Wynxx and regulated-industry modernization emerging as key drivers.