GFT Technologies AG (GFTG), a German IT management service provider, on Thursday revised down its full-year guidance.
The company now expects earnings before taxes or EBT of 65 million euros for the year, lower than its earlier guidance of 70 million euros.
The revised outlook reflects the impact of Sophos acquisition due to M&A effects and interest expenses.
Excluding items, EBIT is now projected to be at 77 million euros against the prior guidance of 82 million euros.
GFT now anticipates revenue of 865 million euros, compared with previous outlook of 885 million euros. This reflects a decline in growth rate to 10 percent from 12 per cent previously.
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