GFT Technologies

OverviewSuggest Edit

GFT Technologies is a digital transformation company. Its range of services includes consulting on the development and realization of information technology (IT) strategies, the development of IT solutions, the implementation of sector-specific standard software, and the maintenance and further development of business-critical IT solutions. The company serves banks as well as insurance and industrial companies.
TypePublic
Founded1987
HQStuttgart, DE
Websitegft.com
Employee Ratings4.4
Overall CultureC-

Latest Updates

Employees (est.) (Mar 2021)6,225(+9%)
Revenue (FY, 2020)€444.9 M(+4%)
Share Price (May 2022)€36.9(+8%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at GFT Technologies

Marika Lulay

Marika Lulay

Chief Executive Officer & Managing Director
Jochen Ruetz

Jochen Ruetz

Chief Financial Officer & Managing Director
Joan-Carles Fonoll

Joan-Carles Fonoll

Group Chief Executive & Chief Operating Officer
Christopher Ortiz

Christopher Ortiz

Group Chief Executive, Global Markets and Region Manager APAC & UK
Jens-Thorsten Rauer

Jens-Thorsten Rauer

Group Chief Executive & Managing Director, Region Manager Central and Western Europe
Marco Santos

Marco Santos

Group Chief Executive, Region Manager USA & Latin America
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GFT Technologies Office Locations

GFT Technologies has offices in Stuttgart, Böblingen, Bonn, Eschborn and in 37 other locations
Stuttgart, DE (HQ)
34 Schelmenwasenstraße
Bonn, DE
Joseph-Schumpeter-Allee 1
Böblingen, DE
Otto-Lilienthal-Straße 36
Eschborn, DE
Kölner Str. 10
Karlsruhe, DE
Bahnhofpl. 12
Konstanz, DE
Reichenaustraße 39A
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GFT Technologies Financials and Metrics

GFT Technologies Revenue

GFT Technologies's revenue was reported to be €444.85 m in FY, 2020
EUR

Revenue (Q3, 2021)

143.8m

Gross profit (Q3, 2021)

125.1m

Net income (Q3, 2021)

9.0m

EBITDA (Q3, 2021)

16.6m

EBIT (Q3, 2021)

11.7m

Market capitalization (13-May-2022)

971.4m

Closing stock price (13-May-2022)

36.9

Cash (30-Sept-2021)

66.8m

EV

987.5m
GFT Technologies's current market capitalization is €971.4 m.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

412.8m429.0m444.9m

Cost of goods sold

(54.0m)(46.4m)(49.5m)

Gross profit

364.9m393.1m404.2m

R&D expense

(3.0m)(3.1m)(6.0m)
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

105.7m105.3m104.9m112.5m108.6m106.0m123.9m137.7m143.8m

Cost of goods sold

(12.1m)(11.4m)(11.8m)(12.0m)(11.0m)(12.1m)(15.9m)(19.0m)(21.8m)

Gross profit

95.6m95.7m95.7m104.8m101.0m95.9m110.5m121.1m125.1m

R&D expense

(1.6m)1.7m(2.6m)2.7m(3.5m)3.5m
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

61.6m56.1m70.9m

Accounts Receivable

95.4m114.0m93.1m

Prepaid Expenses

13.4m11.9m12.8m

Inventories

160.0k172.0k30.0k
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

59.9m57.0m71.6m64.1m61.5m55.9m62.1m69.7m66.8m

Accounts Receivable

71.3m77.2m80.3m81.8m81.6m81.5m83.7m88.9m92.6m

Prepaid Expenses

3.3m2.1m4.6m7.2m5.8m5.6m6.8m5.7m6.0m

Inventories

91.0k73.0k75.0k95.0k58.0k44.0k26.0k23.0k21.0k
Annual
EURFY, 2018FY, 2019FY, 2020

Net Income

20.0m13.7m9.9m

Depreciation and Amortization

12.7m23.6m23.4m

Accounts Payable

376.0k
Quarterly
EURQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

2.7m6.1m10.1m2.3m2.8m6.4m5.2m12.1m21.1m

Depreciation and Amortization

6.4m11.9m17.9m5.6m11.3m17.1m5.5m10.4m15.3m

Accounts Payable

(978.0k)(3.6m)(3.8m)(64.0k)(2.3m)
EURFY, 2018

Revenue/Employee

84.7k
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GFT Technologies Operating Metrics

Dec, 2019Jan, 2021

Industries Served

4

Partners

52

Projects Yearly

50

GFT Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
AXOOMJuly 02, 2019
V-NEO IncAugust 01, 2018
MecemsaOctober 16, 2017
Rule FinancialJune 26, 2014
GFT Italia SrlJuly 05, 2013
9380-6081 Québec Inc.
CODE_n GmbH
FT Appverse S.L.U.
FT México S.A. de C.V.
FT Technologies (Ireland) Ltd.
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GFT Technologies Revenue Breakdown

Embed Graph

GFT Technologies revenue breakdown by business segment: 48.7% from GFT AMERICAS & UK, 51.3% from GFT CONTINENTAL EUROPE and 0.1% from Other

GFT Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

GFT Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

GFT Technologies Online and Social Media Presence

Embed Graph

GFT Technologies Company Culture

  • Overall Culture

    C-

    65/100

  • CEO Rating

    B

    70/100

  • Compensation

    C

    63/100

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GFT Technologies News and Updates

GFT leverages Google Cloud to simplify AI deployments at scale in manufacturing, reducing dependencies on data science experts

GFT drives factory-floor digital transformation with support for new Google Cloud industry-specific solutions NEW YORK, May 5, 2022 /PRNewswire/ -- Recruiting data scientists is one of the greatest challenges in the current labor market: analysts say that there was a shortage of 250,000...

GFT on the up – strong revenue growth in first half-year, EBT quadrupled

In the first half-year, revenue rose year on year by 18 percent to EUR 261.58 million and pre-tax earnings (EBT) even quadrupled to EUR 16.62 million. This strong growth was driven in part by catch-up effects and the accelerated implementation momentum of GFT’s clients. The strong new orders receive…

GFT Technologies SE upgrades its outlook for 2021 following a further increase in orders received

GFT Technologies SE (GFT) now expects a stronger increase in revenue for the Group for the financial year 2021 to EUR 550 million (previously EUR 520 million, previous year: EUR 444.85 million), as well as higher growth in adjusted EBITDA to EUR 62 million (previously EUR 56 million, previous year: …

GFT roundtable - 20 July 2021

Watch here our own Tim Osler speak to Paul Miller about how new technologies are shaping the factory of the future as we build up to our exclusive roundtable alongside Google Cloud and Forrester later this month.

GFT’s collaboration with Thought Machine and Amazon Web Services

BankLiteX is the result of GFT’s collaboration with Thought Machine and Amazon Web Services (AWS). It empowers you to deploy a cloud-based digital bank faster and at minimal risk.

GFT achieves Guidewire PartnerConnect Program specialisation

Specialisations are regionally based and require partners to demonstrate skills, knowledge, and competency in a particular Guidewire product or solution area. The achievement of specialisations enables insurers to have more clarity and insight into which partners have proven capabilities in a region…
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GFT Technologies Blogs

Shadow and rogue cloud – creating impact on an enterprise scale

In companies of all sizes, it isn’t uncommon to find that core cloud resources and applications that are used every day are not actually managed by, or integrated into the overall IT infrastructure. This unstructured and unmanaged environment is what we call ‘shadow cloud’. On a well-organised netwo…

Why is user experience important to the enterprise?

All enterprises, regardless of their industry, are seeking to maximise the output of their efforts whilst reducing the effort in creating the output, basically, creating ‘more bang for their buck’, which is why the inefficient, difficult-to-use and expensive-to-own applications they commission are s…

Why ICT operations must be at the forefront of climate change improvement

Compared to fast fashion, fishing with nets, or drilling for oil, the use of ICT and its relationship to carbon emissions is not a well-trodden narrative. However, ICT is expected to soak up 21% of electrical consumption by 2030, with the sector demanding between 5-9% of electrical use worldwide, eq…

Why cloud adoption is on the rise in banking

The banking sector has never shied away from innovation, whether it is new products to improve customer savings habits or new ways of interacting with people and business, but embracing new technologies such as cloud has, until recently, been relatively slow. However, leading global financial instit…

Embracing AI to facilitate digital transformation

As a pioneer for digital transformation, GFT develops sustainable solutions across new technologies – from cloud engineering and artificial intelligence (AI) to Blockchain/DLT. We are a digital transformation specialist working with businesses and organisations to deliver sustainable and scalable IT…

How can open banking be applied in blockchain?

Open banking enforces banks and creditors to share customer information allowing them to provide customers with personalized services that fit their needs and financial conditions. Through the use of Blockchain it is possible to do so maintaining transparency, privacy, integrity, and security. Open …
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GFT Technologies Frequently Asked Questions

  • When was GFT Technologies founded?

    GFT Technologies was founded in 1987.

  • Who are GFT Technologies key executives?

    GFT Technologies's key executives are Marika Lulay, Jochen Ruetz and Joan-Carles Fonoll.

  • How many employees does GFT Technologies have?

    GFT Technologies has 6,225 employees.

  • What is GFT Technologies revenue?

    Latest GFT Technologies annual revenue is €444.9 m.

  • What is GFT Technologies revenue per employee?

    Latest GFT Technologies revenue per employee is €71.5 k.

  • Who are GFT Technologies competitors?

    Competitors of GFT Technologies include Engineering Group, Logicalis and S&T.

  • Where is GFT Technologies headquarters?

    GFT Technologies headquarters is located at 34 Schelmenwasenstraße, Stuttgart.

  • Where are GFT Technologies offices?

    GFT Technologies has offices in Stuttgart, Böblingen, Bonn, Eschborn and in 37 other locations.

  • How many offices does GFT Technologies have?

    GFT Technologies has 42 offices.