Gofore's October sales were slightly below our estimate, with organic sales growth of c. -5% missing our estimate by 1pp. Also the acquired Huld's October sales were marginally below our estimate. But the company continues to win new deals, and based on the increased headcount during the month, we conclude that the underlying trend is not deteriorating anymore. We see Nov-Dec having easier comps and hence expect the organic sales decline to end.
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