In October, Gofore delivered sales and organic growth in line with our estimates. The month saw one working day fewer than last year and the day-adjusted organic growth was 2%, which follows the trend seen YTD. The daily invoicing / FTE improved notably from last year, supporting our rising margin expectation for Q4. Headcount remained flat m/m and we think the trend seen in Q3 has continued (i.e. the company seeks admin efficiencies and adapting the talent mix).
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